N-CSRS 1 d573359dncsrs.htm NUVEEN SELECT TAX FREE INCOME PORTFOLIO NUVEEN SELECT TAX FREE INCOME PORTFOLIO

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

 

Investment Company Act file number    811-06548

Nuveen Select Tax-Free Income Portfolio

 

(Exact name of registrant as specified in charter)

Nuveen Investments

333 West Wacker Drive

Chicago, IL 60606

 

(Address of principal executive offices) (Zip code)

Mark L. Winget

Nuveen Investments

333 West Wacker Drive

Chicago, IL 60606

 

(Name and address of agent for service)

 

Registrant’s telephone number, including area code:    (312) 917-7700

 

Date of fiscal year end:    March 31

 

Date of reporting period:    September 30, 2023

Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss. 3507.


ITEM 1.

REPORTS TO STOCKHOLDERS.


Closed-End
Funds
Closed-End
Funds
Nuveen
Municipal
September
30,
2023
Semiannual
Report
This
semi-annual
report
contains
the
Funds'
unaudited financial
statements.
Nuveen
Select
Maturities
Municipal
Fund
NIM
Nuveen
Select
Tax-Free
Income
Portfolio
NXP
2
Table
of
Contents
Chair’s
Letter
to
Shareholders
3
Important
Notices
4
Common
Share
Information
5
About
the
Funds’
Benchmarks
7
Performance
Overview
and
Holding
Summaries
8
Shareholder
Meeting
Report
12
Portfolios
of
Investments
13
Statement
of
Assets
and
Liabilities
55
Statement
of
Operations
56
Statement
of
Changes
in
Net
Assets
57
Financial
Highlights
58
Notes
to
Financial
Statements
60
Risk
Considerations
68
Additional
Fund
Information
69
Glossary
of
Terms
Used
in
this
Report
70
Annual
Investment
Management
Agreement
Approval
Process
71
Chair’s
Letter
to
Shareholders
3
Dear
Shareholders,
Inflation
concerns
have
continued
to
dominate
the
investment
landscape
in
2023.
Inflation
rates
have
fallen
meaningfully
from
post-pandemic
highs,
helped
by
the
significant
policy
interest
rate
increases
from
the
U.S.
Federal
Reserve
(Fed)
and
other
global
central
banks
since
2022
and
the
normalization
of
supply
chains.
However,
they
currently
remain
above
the
levels
that
central
banks
consider
supportive
of
their
economies’
long-term
growth.
Core
inflation
measures,
which
exclude
volatile
food
and
energy
prices,
in
particular
remain
above
central
banks’
targeted
levels.
At
the
same
time,
the
U.S.
economy
has
remained
relatively
resilient,
while
stubbornly
high
inflation
and
tighter
financial
conditions
are
beginning
to
slow
the
U.K.
and
European
economies.
U.S.
gross
domestic
product
rose
4.9%
in
the
third
quarter
of
2023,
2.1%
in
the
second
quarter
of
2023
and
2.0%
in
the
first
quarter
of
2023,
after
growing
2.1%
in
2022
overall
compared
to
2021.
Consider
that
much
of
this
growth
occurred
while
the
Fed
was
raising
interest
rates
in
one
of
the
fastest
hiking
cycles
in
its
history.
The
Fed
increased
the
target
fed
funds
rate
from
near
zero
in
March
2022
to
a
range
of
5.25%
to
5.50%
as
of
November
2023,
with
pauses
in
June
2023,
September
2023
and
November
2023.
Despite
historically
high
inflation
and
rapidly
rising
interest
rates,
the
jobs
market
has
remained
relatively
strong,
helping
to
support
consumer
sentiment
and
spending.
However,
markets
are
concerned
that
these
conditions
could
keep
upward
pressure
on
prices
and
wages,
leading
to
interest
rates
staying
higher
for
longer
and
a
potentially
deeper
slowdown
in
the
economy.
U.S.
regional
banks
after
enduring
the
relatively
contained
collapses
of
Silicon
Valley
Bank,
Signature
Bank
and
First
Republic
Bank
and
major
European
bank
Credit
Suisse
in
March
2023
remain
exposed
to
challenges
in
the
commercial
real
estate
sector.
Additionally,
concerns
about
government
funding
and
deficits
persist.
Congress
averted
a
near-term
default
scenario
in
June
2023
and
partial
government
shutdowns
in
September
and
November
2023,
but
funding
will
need
to
be
renegotiated
again
in
January
and
February
2024.
Given
the
lingering
upside
risks
to
inflation
and
the
lagging
impact
of
tighter
credit
conditions
on
the
economy,
Fed
officials
are
closely
monitoring
incoming
inflation
data
and
other
economic
measures
to
modify
their
rate
setting
activity
based
upon
these
factors
on
a
meeting-by-meeting
basis.
The
Fed
remains
committed
to
acting
until
it
sees
sustainable
progress
toward
its
inflation
goals.
In
the
meantime,
markets
are
likely
to
continue
reacting
in
the
short
term
to
news
about
inflation
data,
economic
indicators
and
central
bank
policy.
We
encourage
investors
to
keep
a
long-term
perspective
amid
the
short-term
turbulence.
Your
financial
professional
can
help
you
review
how
well
your
portfolio
is
aligned
with
your
time
horizon,
risk
tolerance
and
investment
goals.
On
behalf
of
the
other
members
of
the
Nuveen
Fund
Board,
we
look
forward
to
continuing
to
earn
your
trust
in
the
months
and
years
ahead.
Terence
J.
Toth
Chair
of
the
Board
November 20,
2023
4
Important
Notices
Portfolio
Manager
Commentaries
in
Semiannual
Shareholder
Reports
The
Funds
include
portfolio
manager
commentary
in
their
annual
shareholder
reports.
For
the
Funds’
most
recent
annual
portfolio
manager
discussion,
please
refer
to
the
Portfolio
Managers’
Comments
section
of
each
Fund’s
March
31,
2022
annual
shareholder
report.
For
current
information
on
your
Fund’s
investment
objectives,
portfolio
management
team
and
average
annual
total
returns
please
refer
to
the
Fund’s
website
at
www.nuveen.com.
For
changes
that
occurred
to
your
Fund
both
during
and
subsequent
to
this
reporting
period,
please
refer
to
the
Notes
to
Financial
Statements
section
of
this
report.
For
average
annual
total
returns
as
of
the
end
of
this
reporting
period,
please
refer
to
the
Performance
Overview
and
Holding
Summaries
section
within
this
report.
Events
that
Occurred
Subsequent
to
the
Reporting
Period
Portfolio
Manager
Update
for
NIM
Effective
October
13,
2023,
Steven
Hlavin
has
been
added
as
a
portfolio
manager.
Paul
Brennan
continues
to
serve
as
a
portfolio
manager
of
the
Fund.
Portfolio
Manager
Update
for
NXP
Effective
October
13,
2023,
Stephan
Candido
has
been
added
as
a
portfolio
manager.
Michael
Hamilton
continues
to
serve
as
a
portfolio
manager
of
the
Fund.
Common
Share
Information
5
COMMON
SHARE
DISTRIBUTION
INFORMATION
The
following
information
regarding the
Funds' distributions
is
current
as
of
September
30,
2023.  Each
Fund's
distribution
levels
may
vary
over
time
based
on each
Fund's
investment
activity
and
portfolio
investment
value
changes.
During
the
current
reporting
period, each
Fund's
distributions
to
common
shareholders
were
as
shown
in
the
accompanying
table.
Each
Fund
seeks
to
pay
regular
monthly
dividends
out
of
its
net
investment
income
at
a
rate
that
reflects
its
past
and
projected
net
income
performance.
To
permit
each
Fund
to
maintain
a
more
stable
monthly
dividend,
the
Fund
may
pay
dividends
at
a
rate
that
may
be
more
or
less
than
the
amount
of
net
income
actually
earned
by
the
Fund
during
the
period.
Distributions
to
common
shareholders
are
determined
on
a
tax
basis,
which
may
differ
from
amounts
recorded
in
the
accounting
records.
In
instances
where
the
monthly
dividend
exceeds
the
earned
net
investment
income,
the
Fund
would
report
a
negative
undistributed
net
ordinary
income.
Refer
to the
Notes
to
Financial Statements for
additional
information
regarding
the
amounts
of
undistributed
net
ordinary
income
and
undistributed
net
long-term
capital
gains
and
the
character
of
the
actual
distributions
paid
by
the
Fund
during
the
period.
All
monthly
dividends
paid
by
each
Fund
during
the
current
reporting
period
were
paid
from
net
investment
income.
If
a
portion
of
the
Fund’s
monthly
distributions
is
sourced
or
comprised
of
elements
other
than
net
investment
income,
including
capital
gains
and/
or
a
return
of
capital,
shareholders
will
be
notified
of
those
sources.
For
financial
reporting
purposes,
the
per
share
amounts
of
each
Fund’s
distributions
for
the
reporting
period
are
presented
in
this
report’s
Financial
Highlights.
For
income
tax
purposes,
distribution
information
for
each
Fund
as
of
its
most
recent
tax
year
end
is
presented
in the
Notes
to
Financial
Statements
of
this
report.
NUVEEN
CLOSED-END
FUND
DISTRIBUTION
AMOUNTS
The
Nuveen
Closed-End
Funds’
monthly
and
quarterly
periodic
distributions
to
shareholders
are
posted
on
www.nuveen.com
and
can
be
found
on
Nuveen’s
enhanced
closed-end
fund
resource
page,
which
is
at
https://www.nuveen.com/resource-center-
closedend
funds,
along
with
other
Nuveen
closed-end
fund
product
updates.
To
ensure
timely
access
to
the
latest
information,
shareholders
may
use
a
subscribe
function,
which
can
be
activated
at
this
web
page
(https://www.nuveen.com/subscriptions).
COMMON
SHARE
EQUITY
The
Nuveen
Closed-End
Funds’
monthly
and
quarterly
periodic
distributions
to
shareholders
are
posted
on
www.nuveen.com
and
can
be
found
on
Nuveen’s
enhanced
closed-end
fund
resource
page
which
is
at
https://www.nuveen.com/resource-center-closedend
funds,
along
with
other
Nuveen
closed-end
fund
product
updates.
To
ensure
timely
access
to
the
latest
information,
shareholders
may
use
a
subscribe
function,
which
can
be
activated
at
this
web
page
(https://www.nuveen.com/subscriptions).
Per
Common
Share
Amounts
Monthly
Distributions
(Ex-Dividend
Date)
NIM
NXP
April
$0.0260
$0.0485
May
0.0260
0.0485
June
0.0260
0.0485
July
0.0260
0.0485
August
0.0260
0.0485
September
0.0260
0.0485
Total
Distributions
from
Net
Investment
Income
$0.1560
$0.2910
Yields
NIM
NXP
Market
Yield
1
3.68%
4.38%
Taxable-Equivalent
Yield
1
6.22%
7.39%
1
Market
Yield
is
based
on
the
Fund’s
current
annualized
monthly
distribution
divided
by
the
Fund’s
current
market
price
as
of
the
end
of
the
reporting
period.
Taxable-Equivalent
Yield
represents
the
yield
that
must
be
earned
on
a
fully
taxable
investment
in
order
to
equal
the
yield
of
the
Fund
on
an
after-tax
basis.
It
is
based
on
a
combined
federal
and
state
income
tax
rate
of
40.8%.
Your
actual
combined
federal
and
state
income
tax
rate
may
differ
from
the
assumed
rate.
The
Taxable-Equivalent
Yield
also
takes
into
account
the
percentage
of
the
Fund’s
income
generated
and
paid
by
the
Fund
(based
on
payments
made
during
the
previous
calendar
year)
that
was
either
exempt
from
federal
income
tax
but
not
from
state
income
tax
(e.g.,
income
from
an
out-of-state
municipal
bond),
or
was
exempt
from
neither
federal
nor
state
income
tax.
Separately,
if
the
comparison
were
instead
to
investments
that
generate
qualified
dividend
income,
which
is
taxable
at
a
rate
lower
than
an
individual’s
ordinary
graduated
tax
rate,
the
fund’s
Taxable-Equivalent
Yield
would
be
lower.
Common
Share
Information
(continued)
6
COMMON
SHARE
REPURCHASES
The
Funds’
Board
of
Trustees
reauthorized
an
open-market
share
repurchase
program,
allowing
each
Fund
to
repurchase
and
retire
an
aggregate
of
up
to
approximately
10%
of
its
outstanding
common
shares.
During
the
current
reporting
period,
the
Funds
did
not
repurchase
any
of
their
outstanding
common
shares.
 As
of
September
30,
2023,
(and
since
the
inception
of
the
Funds’
repurchase
programs),
each
Fund
has
cumulatively
repurchased
and
retired
its
outstanding
common
shares
as
shown
in
the
accompanying
table.
OTHER
COMMON
SHARE
INFORMATION
As
of
September
30,
2023,
the
Funds’
common
share
prices
were
trading
at
a
premium/(discount)
to
their
common
share
NAVs
and
trading
at
an
average
premium/(discount)
to
NAV
during
the
current
reporting
period,
as
follows:
NXP*
Maximum
aggregate
offering
14,000,000
*  
Represents
additional
shares
for
the
period
July
5,
2023
through
September
30,
2023.
NIM
NXP
Common
shares
cumulatively
repurchased
and
retired
0
0
Common
shares
authorized
for
repurchase
1,240,000
4,675,000
NIM
NXP
Common
share
NAV
$9.57
$13.79
Common
share
price
$8.47
$13.30
Premium/(Discount)
to
NAV
(11.49)%
(3.55)%
Average
premium/(discount)
to
NAV
(8.85)%
(0.23)%
About
the
Funds’
Benchmarks
7
S&P
Municipal
Bond
Index
:
An
index
designed
to
measure
the
performance
of
the
tax-exempt
U.S.
municipal
bond
market.
Index
returns
assume
reinvestment
of
distributions,
but
do
not
reflect
any
applicable
sales
charges
or
management
fees.
S&P
Municipal
Bond
Intermediate
Index
:
An
index
containing
bonds
in
the
S&P
Municipal
Bond
Index
that
mature
between
3
and
15
years.
Index
returns
assume
reinvestment
of
distributions,
but
do
not
reflect
any
applicable
sales
charges
or
management
fees.
8
Nuveen
Select
Maturities
Municipal
Fund
Performance
Overview
and
Holding
Summaries
September
30,
2023
NIM
Refer
to
the
Glossary
of
Terms
Used
in
this
Report
for
further
definition
of
the
terms
used
within
this
section.
Fund
Performance*
*For
purposes
of
Fund
performance,
relative
results
are
measured
against
the
S&P
Municipal
Bond
Intermediate
Index.
Performance
data
shown
represents
past
performance
and
does
not
predict
or
guarantee
future
results.
Current
per-
formance
may
be
higher
or
lower
than
the
data
shown.
Returns
do
not
reflect
the
deduction
of
taxes
that
shareholders
may
have
to
pay
on
Fund
distributions
or
upon
the
sale
of
Fund
shares.
Returns
at
NAV
are
net
of
Fund
expenses,
and
assume
reinvestment
of
distributions.
Comparative
index
return
information
is
provided
for
the
Fund’s
shares
at
NAV
only.
Indexes
are
not
available
for
direct
investment.
Daily
Common
Share
NAV
and
Share
Price
Total
Returns
as
of
September
30,
2023
Cumulative
Average
Annual
Inception
Date
6-Month
1-Year
5-Year
10-Year
NIM
at
Common
Share
NAV
9/18/92
(2.77)%
2.62%
1.44%
2.38%
NIM
at
Common
Share
Price
9/18/92
(6.63)%
(1.23)%
0.62%
1.76%
S&P
Municipal
Bond
Intermediate
Index
(3.59)%
2.72%
1.32%
2.17%
9
Holdings
Summaries
as
of
September
30,
2023
This
data
relates
to
the
securities
held
in
the
Fund’s
portfolio
of
investments
as
of
the
end
of
the
reporting
period.
It
should
not
be
construed
as
a
measure
of
performance
for
the
Fund
itself.
Holdings
are
subject
to
change.
For
financial
reporting
purposes,
the
ratings
disclosed
are
the
highest
rating
given
by
one
of
the
following
national
rating
agencies:
Standard
&
Poor’s
Group,
Moody’s
Investors
Service,
Inc.
or
Fitch,
Inc.
This
treatment
of
split-rated
securities
may
differ
from
that
used
for
other
purposes,
such
as
for
Fund
investment
policies.
Credit
ratings
are
subject
to
change.
AAA,
AA,
A
and
BBB
are
investment
grade
ratings;
BB,
B,
CCC,
CC,
C
and
D
are
below-investment
grade
ratings.
Holdings
designated
N/R
are
not
rated
by
these
national
rating
agencies.
Fund
Allocation
(%
of
net
assets)
Municipal
Bonds
92
.6‌
%
Common
Stocks
4
.4‌
%
Asset-Backed
and
Mortgage-
Backed
Securities
0
.4‌
%
Short-Term
Municipal
Bonds
1
.3‌
%
Other
Assets
&
Liabilities,
Net
1.3%
Net
Assets
100‌
%
Bond
Credit
Quality
(%
of
total
investment
exposure)
U.S.
Guaranteed
4.6%
AAA
7.8%
AA
29.1%
A
25.3%
BBB
11.6%
BB
or
Lower
7.5%
N/R
(not
rated)
9.6%
N/A
(not
applicable)
4.5%
Total
100‌
%
Portfolio
Composition
(%
of
total
investments)
Transportation
16.4%
Utilities
13.2%
Tax
Obligation/General
12.8%
Health
Care
12.3%
Tax
Obligation/Limited
12.1%
Housing/Single
Family
10.3%
U.S.
Guaranteed
4.6%
Other
13.4%
Common
Stocks
4.5%
Asset-Backed
and
Mortgage-
Backed
Securities
0.4%
Total
100%
States
and
Territories
1
(%
of
total
municipal
bonds)
Illinois
11.3%
California
8.2%
Ohio
6.2%
New
Jersey
6.1%
Texas
5.5%
New
York
5.1%
Pennsylvania
4.5%
Florida
3.9%
Wisconsin
3.4%
Colorado
3.1%
Louisiana
3.0%
Puerto
Rico
2.9%
Oklahoma
2.2%
Michigan
2.1%
Kentucky
2.1%
North
Carolina
2.0%
Georgia
2.0%
Alabama
1.8%
Indiana
1.7%
Connecticut
1.7%
Washington
1.6%
Arizona
1.4%
Hawaii
1.2%
District
of
Columbia
1.2%
Oregon
1.2%
Other
14.6%
Total
100%
1
See
the
Portfolio
of
Investments
for
the
remaining
states
comprising
"Other"
and
not
listed
in
the
table
above.
10
Nuveen
Select
Tax-Free
Income
Portfolio
Performance
Overview
and
Holding
Summaries
September
30,
2023
NXP
Refer
to
the
Glossary
of
Terms
Used
in
this
Report
for
further
definition
of
the
terms
used
within
this
section.
Fund
Performance*
*For
purposes
of
Fund
performance,
relative
results
are
measured
against
the
S&P
Municipal
Bond
Index.
Performance
data
shown
represents
past
performance
and
does
not
predict
or
guarantee
future
results.
Current
per-
formance
may
be
higher
or
lower
than
the
data
shown.
Returns
do
not
reflect
the
deduction
of
taxes
that
shareholders
may
have
to
pay
on
Fund
distributions
or
upon
the
sale
of
Fund
shares.
Returns
at
NAV
are
net
of
Fund
expenses,
and
assume
reinvestment
of
distributions.
Comparative
index
return
information
is
provided
for
the
Fund’s
shares
at
NAV
only.
Indexes
are
not
available
for
direct
investment.
Daily
Common
Share
NAV
and
Share
Price
Total
Returns
as
of
September
30,
2023
Cumulative
Average
Annual
Inception
Date
6-Month
1-Year
5-Year
10-Year
NXP
at
Common
Share
NAV
3/19/92
(3.41)%
3.78%
1.86%
3.59%
NXP
at
Common
Share
Price
3/19/92
(5.14)%
6.23%
2.78%
4.13%
S&P
Municipal
Bond
Index
(3.49)%
2.80%
1.14%
2.38%
11
Holdings
Summaries
as
of
September
30,
2023
This
data
relates
to
the
securities
held
in
the
Fund’s
portfolio
of
investments
as
of
the
end
of
the
reporting
period.
It
should
not
be
construed
as
a
measure
of
performance
for
the
Fund
itself.
Holdings
are
subject
to
change.
For
financial
reporting
purposes,
the
ratings
disclosed
are
the
highest
rating
given
by
one
of
the
following
national
rating
agencies:
Standard
&
Poor’s
Group,
Moody’s
Investors
Service,
Inc.
or
Fitch,
Inc.
This
treatment
of
split-rated
securities
may
differ
from
that
used
for
other
purposes,
such
as
for
Fund
investment
policies.
Credit
ratings
are
subject
to
change.
AAA,
AA,
A
and
BBB
are
investment
grade
ratings;
BB,
B,
CCC,
CC,
C
and
D
are
below-investment
grade
ratings.
Holdings
designated
N/R
are
not
rated
by
these
national
rating
agencies.
Fund
Allocation
(%
of
net
assets)
Municipal
Bonds
97
.8‌
%
Common
Stocks
1
.2‌
%
Short-Term
Municipal
Bonds
0
.4‌
%
Other
Assets
&
Liabilities,
Net
1.2%
Borrowings
(0.6)%
Net
Assets
100‌
%
Bond
Credit
Quality
(%
of
total
investment
exposure)
U.S.
Guaranteed
5.6%
AAA
5.8%
AA
42.5%
A
31.1%
BBB
5.3%
BB
or
Lower
2.1%
N/R
(not
rated)
6.4%
N/A
(not
applicable)
1.2%
Total
100‌
%
Portfolio
Composition
(%
of
total
investments)
Tax
Obligation/Limited
27.0%
Tax
Obligation/General
21.1%
Transportation
19.5%
Health
Care
11.2%
Education
and
Civic
Organizations
6.8%
Utilities
6.1%
U.S.
Guaranteed
5.6%
Other
1.5%
Common
Stocks
1.2%
Total
100%
States
and
Territories
1
(%
of
total
municipal
bonds)
California
16.8%
Illinois
9.1%
Colorado
8.7%
Texas
7.5%
Washington
5.9%
New
Jersey
5.4%
Connecticut
4.5%
Florida
4.3%
Massachusetts
4.0%
Arizona
3.5%
Oregon
3.2%
Missouri
2.8%
Idaho
2.7%
Puerto
Rico
2.7%
New
York
2.5%
District
of
Columbia
1.9%
Guam
1.8%
Nebraska
1.4%
Indiana
1.3%
Wisconsin
1.1%
Other
8.9%
Total
100%
1
See
the
Portfolio
of
Investments
for
the
remaining
states
comprising
"Other"
and
not
listed
in
the
table
above.
12
Shareholder
Meeting
Report
The
annual
meeting
of
shareholders
was
held
on
August
9,
2023
for
NIM
and
NXP;
at
this
meeting
the
shareholders
were
asked
to
elect
Board
members.
NIM
NXP
Common
Shares
Common
Shares
Approval
of
the
Board
Members
was
reached
as
follows:
Amy
B.R.
Lancellotta
For
10,041,619
38,391,009
Withhold
130,299
947,184
Total
10,171,918
39,338,193
John
K.
Nelson
For
10,035,603
37,987,984
Withhold
136,315
1,350,209
Total
10,171,918
39,338,193
Terence
J.
Toth
For
9,983,040
37,984,598
Withhold
188,878
1,353,595
Total
10,171,918
39,338,193
Robert
L.
Young
For
9,978,584
38,067,263
Withhold
193,334
1,270,930
Total
10,171,918
39,338,193
13
Nuveen
Select
Maturities
Municipal
Fund
Portfolio
of
Investments
September
30,
2023
(Unaudited)
NIM
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
LONG-TERM
INVESTMENTS
-
97.4% 
X
MUNICIPAL
BONDS
-
92.6%
X
110,391,936
Alabama
-
1.7%
$
80
Birmingham-Jefferson
Civic
Center
Authority,
Alabama,
Special
Tax
Bonds,
Series
2018A,
4.000%,
7/01/37
7/28
at
100.00
$
73,722
215
Black
Belt
Energy
Gas
District,
Alabama,
Gas
PrePay
Revenue
Bonds,
Project
3
Series
2018A,
4.000%,
12/01/48,
(Mandatory
Put
12/01/23)
11/23
at
100.01
215,001
345
Black
Belt
Energy
Gas
District,
Alabama,
Gas
Supply
Revenue
Bonds,
Series
2021A,
4.000%,
6/01/51,
(Mandatory
Put
12/01/31)
9/31
at
100.53
325,515
100
Black
Belt
Energy
Gas
District,
Alabama,
Gas
Supply
Revenue
Bonds,
Series
2022
Sub
D-1,
4.000%,
7/01/52,
(Mandatory
Put
6/01/27)
3/27
at
100.17
97,413
125
Lower
Alabama
Gas
District,
Alabama,
Goldman
Sachs
Gas
Project
2
Revenue
Bonds,
Series
2020A,
4.000%,
12/01/50,
(Mandatory
Put
12/01/25)
9/25
at
100.58
122,558
625
Mobile
Industrial
Development
Board,
Alabama,
Pollution
Control
Revenue
Refunding
Bonds,
Alabama
Power
Company
Barry
Plan,
Series
2008,
2.900%,
7/15/34,
(Mandatory
Put
12/12/23)
No
Opt.
Call
622,926
65
Mobile
Spring
Hill
College
Educational
Building
Authority,
Alabama,
Revenue
Bonds,
Spring
Hill
College
Project,
Series
2015,
5.000%,
4/15/27
4/25
at
100.00
63,520
135
Selma
Industrial
Development
Board,
Alabama,
Gulf
Opportunity
Zone
Revenue
Bonds,
International
Paper
Company
Project,
Refunding
Series
2020A,
1.375%,
5/01/34,
(Mandatory
Put
6/16/25)
No
Opt.
Call
128,432
100
Southeast
Alabama
Gas
Supply
District,
Alabama,
Gas
Supply
Revenue
Bonds,
Project
2,
Fixed
Rate
Series
2018A,
4.000%,
6/01/49,
(Mandatory
Put
6/01/24)
3/24
at
100.29
99,347
Tuscaloosa
County
Industrial
Development
Authority,
Alabama,
Gulf
Opportunity
Zone
Bonds,
Hunt
Refining
Project,
Refunding
Series
2019A
:
105
4.500%,
5/01/32,
144A
2021
2021
5/29
at
100.00
95,910
150
5.250%,
5/01/44,
144A
5/29
at
100.00
130,720
Total
Alabama
1,975,064
Alaska
-
0.4%
370
Alaska
Housing
Finance
Corporation,
Mortgage
Revenue
Bonds,
General
Series
2020A-II,
2.000%,
12/01/35
6/29
at
100.00
271,627
100
Alaska
Housing
Finance
Corporation,
Mortgage
Revenue
Bonds,
General
Series
2022A-II,
2.350%,
12/01/39
12/30
at
100.00
71,673
150
Alaska
Housing
Finance
Corporation,
Mortgage
Revenue
Bonds,
Series
2022B-1,
2.150%,
6/01/36
12/30
at
100.00
111,385
110
Northern
Tobacco
Securitization
Corporation,
Alaska,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2021B-2
Class
2,
0.000%,
6/01/66
6/31
at
30.73
10,645
Total
Alaska
465,330
Arizona
-
1.3%
135
(c)
Arizona
State,
Certificates
of
Participation,
Refunding
Series
2019A,
5.000%,
10/01/27,
(ETM)
No
Opt.
Call
141,663
Nuveen
Select
Maturities
Municipal
Fund
(continued)
Portfolio
of
Investments
September
30,
2023
(Unaudited)
14
NIM
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Arizona
-
1.3%
(continued)
$
175
Chandler
Industrial
Development
Authority,
Arizona,
Industrial
Development
Revenue
Bonds,
Intel
Corporation
Project,
Series
2019,
5.000%,
6/01/49,
(AMT),
(Mandatory
Put
6/03/24)
6/24
at
100.00
$
175,168
250
Chandler
Industrial
Development
Authority,
Arizona,
Industrial
Development
Revenue
Bonds,
Intel
Corporation
Project,
Series
2022-2,
5.000%,
9/01/52,
(AMT),
(Mandatory
Put
9/01/27)
3/27
at
100.00
252,869
Salt
Verde
Financial
Corporation,
Arizona,
Senior
Gas
Revenue
Bonds,
Citigroup
Energy
Inc
Prepay
Contract
Obligations,
Series
2007
:
235
5.000%,
12/01/32
No
Opt.
Call
237,028
730
5.000%,
12/01/37
No
Opt.
Call
717,645
Total
Arizona
1,524,373
Arkansas
-
0.3%
100
Arkansas
Development
Finance
Authority,
Arkansas,
Environmental
Improvement
Revenue
Bonds,
United
States
Steel
Corporation,
Green
Series
2022,
5.450%,
9/01/52,
(AMT),
144A
9/25
at
105.00
93,394
265
Arkansas
Development
Finance
Authority,
Revenue
Bonds,
Baptist
Memorial
Health
Care,
Refunding
Series
2020B-2,
5.000%,
9/01/44,
(Mandatory
Put
9/01/27)
3/27
at
100.00
272,817
Total
Arkansas
366,211
California
-
7.8%
100
Bay
Area
Toll
Authority,
California,
Revenue
Bonds,
San
Francisco
Bay
Area
Toll
Bridge,
Term
Rate
Series
2018A,
2.625%,
4/01/45,
(Mandatory
Put
4/01/26)
10/25
at
100.00
95,831
100
California
Community
Choice
Financing
Authority,
Clean
Energy
Project
Revenue
Bonds,
Green
Series
2023C,
5.250%,
1/01/54,
(Mandatory
Put
10/01/31)
10/30
at
100.65
99,829
100
California
County
Tobacco
Securitization
Agency,
Tobacco
Settlement
Asset-Backed
Bonds,
Los
Angeles
County
Securitization
Corporation,
Series
2020A,
5.000%,
6/01/31
6/30
at
100.00
105,670
390
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
El
Camino
Hospital,
Series
2017,
3.750%,
2/01/32
2/27
at
100.00
386,679
35
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Providence
Saint
Joseph
Health,
Term
Rate
Series
2019C,
5.000%,
10/01/39,
(Mandatory
Put
10/01/25)
10/25
at
100.00
35,669
97
California
Housing
Finance
Agency,
Municipal
Certificate
Revenue
Bonds,
Class
A
Series
2021-3,
3.250%,
8/20/36
2021
1
No
Opt.
Call
85,146
275
California
Municipal
Finance
Authority,
Charter
School
Revenue
Bonds,
Palmdale
Aerospace
Academy
Project,
Series
2016A,
5.000%,
7/01/31,
144A
7/26
at
100.00
274,106
1,040
California
Municipal
Finance
Authority,
Revenue
Bonds,
Linxs
APM
Project,
Senior
Lien
Series
2018A,
3.250%,
12/31/32
-
AGM
Insured,
(AMT)
6/28
at
100.00
905,355
150
California
Pollution
Control
Financing
Authority,
Solid
Waste
Disposal
Revenue
Bonds,
Waste
Management
Inc.,
Refunding
Series
2015A-2,
3.625%,
7/01/27,
(AMT)
7/25
at
100.00
145,114
290
California
Pollution
Control
Financing
Authority,
Solid
Waste
Disposal
Revenue
Bonds,
Waste
Management
Inc.,
Series
2015A-1,
3.375%,
7/01/25,
(AMT)
No
Opt.
Call
283,243
15
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
California
-
7.8%
(continued)
$
205
California
Pollution
Control
Financing
Authority,
Solid
Waste
Disposal
Revenue
Bonds,
Waste
Management,
Inc.
Project,
Refunding
Series
2015B-
1,
3.000%,
11/01/25,
(AMT)
No
Opt.
Call
$
197,859
150
California
Statewide
Communities
Development
Authority,
California,
Revenue
Bonds,
Loma
Linda
University
Medical
Center,
Series
2014A,
5.250%,
12/01/29
12/24
at
100.00
150,955
California
Statewide
Communities
Development
Authority,
California,
Revenue
Bonds,
Loma
Linda
University
Medical
Center,
Series
2018A
:
710
5.000%,
12/01/27,
144A
No
Opt.
Call
706,765
30
5.000%,
12/01/33,
144A
6/28
at
100.00
29,208
175
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
Kaiser
Permanente,
Series
2009C-3,
5.000%,
4/01/45,
(Mandatory
Put
11/01/29)
No
Opt.
Call
187,235
265
California
Statewide
Community
Development
Authority,
Revenue
Bonds,
Kaiser
Permanente
System,
Variable
Rate
Demand
Obligation
Series
2003D,
5.000%,
5/01/33,
(Mandatory
Put
11/01/29)
No
Opt.
Call
283,528
100
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Monterrey
Station
Apartments,
Senior
Lien
Series
2021A-
1,
3.000%,
7/01/43,
144A
7/32
at
100.00
70,589
200
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Pasadena
Portfolio
Social
Bond,
Series
2021A-1,
2.650%,
12/01/46,
144A
12/31
at
100.00
140,492
870
Golden
State
Tobacco
Securitization
Corporation,
California,
Tobacco
Settlement
Asset-Backed
Bonds,
Capital
Appreciation
Series
2021B-2,
0.000%,
6/01/66
12/31
at
27.75
75,581
70
Golden
State
Tobacco
Securitization
Corporation,
California,
Tobacco
Settlement
Asset-Backed
Revenue
Bonds,
Series
2022A-1,
5.000%,
6/01/51
12/31
at
100.00
71,121
100
Lake
Elsinore
Public
Financing
Authority,
California,
Local
Agency
Revenue
Bonds,
Canyon
Hills
Improvement
Area
A
&
C,
Series
2014C,
5.000%,
9/01/32
9/24
at
100.00
100,686
55
Lake
Elsinore
Redevelopment
Agency,
California,
Special
Tax
Bonds,
Community
Facilities
District
90-2,
Series
2007A,
4.500%,
10/01/24
-
AGM
Insured
10/23
at
100.00
55,008
1,070
Mount
San
Antonio
Community
College
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
of
2008,
Series
2013A,
5.875%,
8/01/28
2/28
at
100.00
1,177,182
2,000
Palomar
Pomerado
Health,
California,
General
Obligation
Bonds,
Series
2009A,
0.000%,
8/01/25
-
AGC
Insured
No
Opt.
Call
1,856,581
15
San
Diego
Association
of
Governments,
California,
Capital
Grants
Receipts
Revenue
Bonds,
Mid-Coast
Corridor
Transit
Project,
Green
Series
2019B,
1.800%,
11/15/27
11/26
at
100.00
13,372
2,000
San
Diego
Community
College
District,
California,
General
Obligation
Bonds,
Refunding
Series
2011,
0.000%,
8/01/37
No
Opt.
Call
1,083,409
415
(c)
San
Joaquin
Hills
Transportation
Corridor
Agency,
Orange
County,
California,
Toll
Road
Revenue
Bonds,
Refunding
Senior
Lien
Series
2014A,
5.000%,
1/15/29,
(Pre-refunded
1/15/25)
1/25
at
100.00
422,729
Nuveen
Select
Maturities
Municipal
Fund
(continued)
Portfolio
of
Investments
September
30,
2023
(Unaudited)
16
NIM
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
California
-
7.8%
(continued)
$
215
Washington
Township
Health
Care
District,
California,
Revenue
Bonds,
Refunding
Series
2015A,
5.000%,
7/01/25
No
Opt.
Call
$
215,619
Total
California
9,254,561
Colorado
-
2.9%
750
Colorado
Bridge
Enterprise,
Revenue
Bonds,
Central
70
Project,
Senior
Series
2017,
4.000%,
6/30/30,
(AMT)
12/27
at
100.00
712,835
200
Colorado
Health
Facilities
Authority,
Colorado,
Revenue
Bonds,
CommonSpirit
Health,
Series
2019A-2,
5.000%,
8/01/33
8/29
at
100.00
206,289
300
Colorado
Health
Facilities
Authority,
Colorado,
Revenue
Bonds,
CommonSpirit
Health,
Series
2019B-2,
5.000%,
8/01/49,
(Mandatory
Put
8/01/26)
2/26
at
100.00
303,948
300
Colorado
Health
Facilities
Authority,
Colorado,
Revenue
Bonds,
Parkview
Medical
Center,
Series
2016,
3.125%,
9/01/42
9/26
at
100.00
200,806
35
(c)
Colorado
Health
Facilities
Authority,
Colorado,
Revenue
Bonds,
Sisters
of
Charity
of
Leavenworth
Health
Services
Corporation,
Series
2013A,
5.500%,
1/01/35,
(Pre-refunded
1/01/24)
1/24
at
100.00
35,123
100
Colorado
Housing
and
Finance
Authority,
Single
Family
Mortgage
Bonds,
Class
I
Series
2021H,
2.000%,
5/01/42
5/30
at
100.00
61,876
70
Denver
City
and
County,
Colorado,
Airport
System
Revenue
Bonds,
Series
2022D,
5.750%,
11/15/34,
(AMT)
11/32
at
100.00
78,668
100
Denver
Urban
Renewal
Authority,
Colorado,
Tax
Increment
Revenue
Bonds,
9th
and
Colorado
Urban
Redevelopement
Area,
Series
2018A,
5.250%,
12/01/39,
144A
12/23
at
103.00
97,756
E-470
Public
Highway
Authority,
Colorado,
Senior
Revenue
Bonds,
Series
2000B
:
355
0.000%,
9/01/29
-
NPFG
Insured
No
Opt.
Call
275,695
380
0.000%,
9/01/33
-
NPFG
Insured
No
Opt.
Call
243,684
500
Falcon
Area
Water
and
Wastewater
Authority
(El
Paso
County,
Colorado),
Tap
Fee
Revenue
Bonds,
Series
2022A,
6.750%,
12/01/34,
144A
9/27
at
103.00
471,154
Regional
Transportation
District,
Colorado,
Private
Activity
Bonds,
Denver
Transit
Partners
Eagle
P3
Project,
Series
2020A
:
100
5.000%,
1/15/31
No
Opt.
Call
104,537
100
4.000%,
7/15/40
No
Opt.
Call
89,964
100
Southlands
Metropolitan
District
1,
Colorado,
Limited
Tax
General
Obligation
Bonds,
Series
2017A-1,
3.500%,
12/01/27
No
Opt.
Call
91,699
500
West
Globeville
Metropolitan
District
1,
Denver,
Colorado,
General
Obligation
Limited
Tax
Bonds,
Series
2022,
6.250%,
12/01/32
12/29
at
103.00
470,390
Total
Colorado
3,444,424
Connecticut
-
1.2%
370
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Hartford
HealthCare
Issue,
Series
2020A,
4.000%,
7/01/36
1/30
at
100.00
343,430
50
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Stamford
Hospital,
Series
2021L-1,
4.000%,
7/01/28
No
Opt.
Call
48,875
150
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Yale
University,
Series
2016A-2,
2.000%,
7/01/42,
(Mandatory
Put
7/01/26)
No
Opt.
Call
139,897
17
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Connecticut
-
1.2%
(continued)
$
160
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Yale-New
Haven
Health
Issue,
Series
2014D,
1.800%,
7/01/49,
(Mandatory
Put
7/01/24)
1/24
at
100.00
$
156,305
80
Connecticut
Housing
Finance
Authority,
Housing
Mortgage
Finance
Program
Bonds,
Series
2020E-3,
1.850%,
5/15/38
5/30
at
100.00
51,404
450
Connecticut
Housing
Finance
Authority,
Housing
Mortgage
Finance
Program
Bonds,
Social
Series
2022C-1,
4.250%,
11/15/37
11/31
at
100.00
422,285
335
Connecticut
Housing
Finance
Authority,
Housing
Mortgage
Finance
Program
Bonds,
Social
Series
2023B,
4.200%,
11/15/38
5/32
at
100.00
304,728
Total
Connecticut
1,466,924
Delaware
-
0.2%
210
Delaware
Economic
Development
Authority,
Exempt
Facility
Revenue
Bonds,
NRG
Energy
Project,
Refunding
Series
2020A,
1.250%,
10/01/45,
(Mandatory
Put
10/01/25)
10/25
at
100.00
190,950
Total
Delaware
190,950
District
of
Columbia
-
1.1%
120
District
of
Columbia
Student
Dormitory
Revenue
Bonds,
Provident
Group
-
Howard
Properties
LLC
Issue,
Series
2013,
5.000%,
10/01/30
10/23
at
100.00
116,622
515
Metropolitan
Washington
Airports
Authority,
D.C,
Dulles
Toll
Road
Revenue
Bonds,
Dulles
Metrorail
&
Capital
Improvement
Projects,
Refunding
Second
Senior
Lien
Series
2022A,
4.000%,
10/01/52
-
AGM
Insured
10/31
at
100.00
444,093
250
Metropolitan
Washington
D.C.
Airports
Authority,
Airport
System
Revenue
Bonds,
Refunding
Series
2015A,
5.000%,
10/01/34,
(AMT)
10/24
at
100.00
248,424
330
Metropolitan
Washington
D.C.
Airports
Authority,
Airport
System
Revenue
Bonds,
Refunding
Series
2023A,
5.000%,
10/01/34,
(AMT)
10/32
at
100.00
346,942
165
Washington
Metropolitan
Area
Transit
Authority,
District
of
Columbia,
Dedicated
Revenue
Bonds,
Green
Series
2021A,
4.000%,
7/15/34
7/31
at
100.00
166,903
Total
District
of
Columbia
1,322,984
Florida
-
3.6%
175
Cape
Coral,
Florida,
Utility
Improvement
Assessment
Bonds,
Refunding
Various
Areas
Series
2017,
3.000%,
9/01/28
-
AGM
Insured
No
Opt.
Call
165,693
400
Citizens
Property
Insurance
Corporation,
Florida,
Coastal
Account
Senior
Secured
Bonds,
Series
2015A-1,
5.000%,
6/01/25
12/24
at
100.00
403,125
Collier
County
Educational
Facilities
Authority,
Florida,
Revenue
Bonds,
Hodges
University,
Refunding
Series
2013
:
15
(c)
4.750%,
11/01/23,
(ETM)
No
Opt.
Call
15,007
370
(c)
6.000%,
11/01/33,
(Pre-refunded
11/01/23)
11/23
at
100.00
370,526
300
Florida
Development
Finance
Corporation,
Florida,
Surface
Transportation
Facility
Revenue
Bonds,
Brightline
Passenger
Rail
Project,
Green
Series
2019B,
7.375%,
1/01/49,
(AMT),
144A
1/24
at
107.00
298,502
Florida
Development
Finance
Corporation,
Florida,
Surface
Transportation
Facility
Revenue
Bonds,
Virgin
Trains
USA
Passenger
Rail
Project,
Series
2019A
:
425
6.250%,
1/01/49,
(AMT),
(Mandatory
Put
1/01/24),
144A
10/23
at
101.00
423,634
665
6.375%,
1/01/49,
(AMT),
(Mandatory
Put
1/01/26),
144A
10/23
at
102.00
633,863
Nuveen
Select
Maturities
Municipal
Fund
(continued)
Portfolio
of
Investments
September
30,
2023
(Unaudited)
18
NIM
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Florida
-
3.6%
(continued)
$
575
6.500%,
1/01/49,
(AMT),
(Mandatory
Put
1/01/29),
144A
10/23
at
102.00
$
546,596
250
Florida
Development
Finance
Corporation,
Revenue
Bonds,
Brightline
Florida
Passenger
Rail
Expansion
Project,
Series
2023A,
7.500%,
7/01/57,
(AMT),
(Mandatory
Put
8/15/24)
10/23
at
101.00
245,420
375
Florida
Development
Finance
Corporation,
Revenue
Bonds,
Brightline
Passenger
Rail
Expansion
Project,
Series
2022A,
7.250%,
7/01/57,
(AMT),
(Mandatory
Put
10/03/23),
144A
10/23
at
100.00
390,000
375
Florida
Development
Finance
Corporation,
Revenue
Bonds,
Brightline
Passenger
Rail
Expansion
Project,
Series
2023C,
8.000%,
7/01/57,
(AMT),
(Mandatory
Put
4/01/24),
144A
11/23
at
100.00
371,256
45
Florida
Housing
Finance
Corporation,
Homeowner
Mortgage
Revenue
Bonds,
Series
2018-2,
3.750%,
7/01/33
1/28
at
100.00
44,133
100
Florida
Housing
Finance
Corporation,
Homeowner
Mortgage
Revenue
Bonds,
Social
Series
2021-2,
2.050%,
7/01/41
7/30
at
100.00
62,294
15
JEA,
Florida,
Electric
System
Revenue
Bonds,
Subordinated
Series
Three
2020A,
5.000%,
10/01/27
No
Opt.
Call
15,780
90
(c)
Palm
Beach
County
Health
Facilities
Authority,
Florida,
Hospital
Revenue
Bonds,
BRCH
Corporation
Obligated
Group,
Refunding
Series
2014,
5.000%,
12/01/31,
(Pre-refunded
12/01/24)
12/24
at
100.00
91,103
100
Pompano
Beach,
Florida,
Revenue
Bonds,
John
Knox
Village
of
Florida
Incorporated
Project,
Series
2021B-1,
2.000%,
1/01/29
No
Opt.
Call
84,647
260
Tampa,
Florida,
Capital
Improvement
Cigarette
Tax
Allocation
Bonds,
H.
Lee
Moffitt
Cancer
Center
Project,
Series
2020A,
0.000%,
9/01/34
9/30
at
86.77
149,883
Total
Florida
4,311,462
Georgia
-
1.8%
250
Georgia
Housing
and
Finance
Authority,
Single
Family
Mortgage
Bonds,
Series
2020A,
2.600%,
12/01/32
6/29
at
100.00
213,273
240
Georgia
Housing
and
Finance
Authority,
Single
Family
Mortgage
Bonds,
Series
2023A,
4.150%,
12/01/38
6/32
at
100.00
217,532
1,000
Georgia
State,
General
Obligation
Bonds,
Series
2021A,
5.000%,
7/01/27
No
Opt.
Call
1,053,920
265
Main
Street
Natural
Gas
Inc.,
Georgia,
Gas
Supply
Revenue
Bonds,
Series
2019B,
4.000%,
8/01/49,
(Mandatory
Put
12/02/24)
9/24
at
100.43
263,328
100
Main
Street
Natural
Gas
Inc.,
Georgia,
Gas
Supply
Revenue
Bonds,
Series
2021A,
4.000%,
7/01/52,
(Mandatory
Put
9/01/27)
6/27
at
100.65
97,394
200
Main
Street
Natural
Gas
Inc.,
Georgia,
Gas
Supply
Revenue
Bonds,
Series
2022C,
4.000%,
8/01/52,
(Mandatory
Put
11/01/27),
144A
5/27
at
100.81
188,630
150
Main
Street
Natural
Gas
Inc.,
Georgia,
Gas
Supply
Revenue
Bonds,
Series
2023E-1,
5.000%,
12/01/53,
(Mandatory
Put
6/01/31)
3/31
at
100.08
151,799
Total
Georgia
2,185,876
Hawaii
-
1.1%
200
Hawaii
Department
of
Budget
and
Finance,
Special
Purpose
Revenue
Bonds,
Hawaii
Pacific
University,
Series
2013A,
6.250%,
7/01/27,
144A
10/23
at
100.00
200,037
1,000
Hawaii
Department
of
Budget
and
Finance,
Special
Purpose
Revenue
Bonds,
Hawaiian
Electric
Company,
Inc.
and
Subsidiary
Projects,
Series
2017A,
3.100%,
5/01/26,
(AMT)
No
Opt.
Call
748,523
19
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Hawaii
-
1.1%
(continued)
$
20
Hawaii
Department
of
Budget
and
Finance,
Special
Purpose
Revenue
Bonds,
Queens
Health
Systems,
Series
2015A,
5.000%,
7/01/29
7/25
at
100.00
$
20,341
505
HAWAIIAN
ELECTRIC
COMPANY
INC.
and
Its
Subsidiaries,
Special
Purpose
Revenue
Bonds,
Deparment
of
Budget
and
Finance
of
the
State
of
Hawaii,
Series
2015,
3.250%,
1/01/25,
(AMT)
No
Opt.
Call
385,412
Total
Hawaii
1,354,313
Idaho
-
0.5%
475
Nez
Perce
County,
Idaho,
Pollution
Control
Revenue
Bonds,
Potlatch
Corporation
Project,
Refunding
Series
2016,
2.750%,
10/01/24
No
Opt.
Call
466,567
170
Spring
Valley
Community
Infrastructure
District
1,
Eagle,
Idaho,
Special
Assessment
Bonds,
Series
2021,
3.750%,
9/01/51,
144A
12/26
at
103.00
122,699
Total
Idaho
589,266
Illinois
-
10.7%
Cary,
Illinois,
Special
Tax
Bonds,
Special
Service
Area
1,
Refunding
Series
2016
:
10
2.350%,
3/01/24
-
BAM
Insured
No
Opt.
Call
9,886
25
2.700%,
3/01/26
-
BAM
Insured
3/25
at
100.00
23,901
25
2.900%,
3/01/28
-
BAM
Insured
3/25
at
100.00
23,444
65
3.050%,
3/01/30
-
BAM
Insured
3/25
at
100.00
60,245
Cary,
Illinois,
Special
Tax
Bonds,
Special
Service
Area
2,
Refunding
Series
2016
:
15
2.350%,
3/01/24
-
BAM
Insured
No
Opt.
Call
14,830
25
2.700%,
3/01/26
-
BAM
Insured
3/25
at
100.00
23,901
35
2.900%,
3/01/28
-
BAM
Insured
3/25
at
100.00
32,821
40
3.050%,
3/01/30
-
BAM
Insured
3/25
at
100.00
37,074
1,215
Chicago
Board
of
Education,
Illinois,
Dedicated
Capital
Improvement
Tax
Revenue
Bonds,
Series
2016,
6.000%,
4/01/46
4/27
at
100.00
1,250,156
750
Chicago
Board
of
Education,
Illinois,
General
Obligation
Bonds,
Dedicated
Revenues,
Refunding
Series
2017B,
6.750%,
12/01/30,
144A
12/27
at
100.00
808,889
290
Chicago
Board
of
Education,
Illinois,
General
Obligation
Bonds,
Dedicated
Revenues,
Refunding
Series
2017C,
5.000%,
12/01/30
12/27
at
100.00
291,742
200
Chicago
Board
of
Education,
Illinois,
General
Obligation
Bonds,
Dedicated
Revenues,
Refunding
Series
2017D,
5.000%,
12/01/31
12/27
at
100.00
201,182
300
Chicago
Board
of
Education,
Illinois,
General
Obligation
Bonds,
Dedicated
Revenues,
Refunding
Series
2018C,
5.000%,
12/01/24
No
Opt.
Call
301,728
310
Chicago,
Illinois,
General
Airport
Revenue
Bonds,
O'Hare
International
Airport,
Refunding
Senior
Lien
Series
2015A,
5.000%,
1/01/33
1/25
at
100.00
310,267
100
Chicago,
Illinois,
General
Obligation
Bonds,
Chicago
Works
Series
2023A,
5.500%,
1/01/39
1/32
at
100.00
102,828
Chicago,
Illinois,
General
Obligation
Bonds,
Refunding
Series
2016C
:
225
5.000%,
1/01/24
No
Opt.
Call
225,324
190
5.000%,
1/01/25
No
Opt.
Call
191,524
180
5.000%,
1/01/26
No
Opt.
Call
183,081
100
Cook
County,
Illinois,
Sales
Tax
Revenue
Bonds,
Series
2021A,
4.000%,
11/15/41
11/30
at
100.00
89,992
Nuveen
Select
Maturities
Municipal
Fund
(continued)
Portfolio
of
Investments
September
30,
2023
(Unaudited)
20
NIM
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Illinois
-
10.7%
(continued)
$
590
Huntley,
Illinois,
Special
Tax
Bonds,
Special
Service
Area
10,
Refunding
Series
2017,
3.300%,
3/01/28
-
BAM
Insured
3/26
at
100.00
$
572,566
215
Illinois
Finance
Authority,
Revenue
Bonds,
Advocate
Health
Care
Network,
Refunding
Series
2008A-2,
4.000%,
11/01/30
No
Opt.
Call
206,204
300
Illinois
Finance
Authority,
Revenue
Bonds,
Advocate
Health
Care
Network,
Series
2008A-1,
4.000%,
11/01/30
No
Opt.
Call
287,727
1,850
Illinois
Finance
Authority,
Revenue
Bonds,
Ascension
Health/fkaPresence
Health
Network,
Series
2016C,
4.000%,
2/15/24
No
Opt.
Call
1,848,390
560
(c)
Illinois
Finance
Authority,
Revenue
Bonds,
Centegra
Health
System,
Series
2014A,
4.625%,
9/01/39,
(Pre-refunded
9/01/24)
9/24
at
100.00
563,201
250
Illinois
Finance
Authority,
Revenue
Bonds,
University
of
Chicago,
Series
2021B,
5.000%,
8/15/53,
(Mandatory
Put
8/15/31)
No
Opt.
Call
261,751
280
Illinois
Housing
Development
Authority,
Revenue
Bonds,
Green
Series
2021B,
2.150%,
10/01/41
4/30
at
100.00
178,691
Illinois
State,
General
Obligation
Bonds,
February
Series
2014
:
320
5.000%,
2/01/24
No
Opt.
Call
320,713
400
5.000%,
2/01/25
2/24
at
100.00
400,349
325
5.000%,
2/01/26
2/24
at
100.00
325,124
100
Illinois
State,
General
Obligation
Bonds,
November
Series
2017D,
5.000%,
11/01/28
11/27
at
100.00
103,290
400
Illinois
State,
General
Obligation
Bonds,
Refunding
September
Series
2018B,
5.000%,
10/01/32
10/28
at
100.00
410,856
535
Illinois
Toll
Highway
Authority,
Toll
Highway
Revenue
Bonds,
Refunding
Senior
Lien
Series
2016A,
5.000%,
12/01/31
1/26
at
100.00
542,196
500
Illinois
Toll
Highway
Authority,
Toll
Highway
Revenue
Bonds,
Senior
Lien
Series
2014C,
5.000%,
1/01/36
1/25
at
100.00
503,653
North
Barrington,
Lake
County,
Illinois,
Special
Tax
Bonds,
Special
Service
Area
19,
Refunding
Series
2019
:
365
4.000%,
2/01/28
-
BAM
Insured
No
Opt.
Call
370,178
200
4.000%,
2/01/29
-
BAM
Insured
2/28
at
100.00
202,176
395
4.000%,
2/01/30
-
BAM
Insured
2/28
at
100.00
398,604
290
(c)
Railsplitter
Tobacco
Settlement
Authority,
Illinois,
Tobacco
Settlement
Revenue
Bonds,
Series
2017,
5.000%,
6/01/25,
(ETM)
No
Opt.
Call
294,985
Southwestern
Illinois
Development
Authority,
Health
Facility
Revenue
Bonds,
Memorial
Group,
Inc.,
Series
2013
:
50
(c)
7.250%,
11/01/33,
(Pre-refunded
11/01/23)
11/23
at
100.00
50,108
95
(c)
7.250%,
11/01/36,
(Pre-refunded
11/01/23)
11/23
at
100.00
95,204
200
(c)
7.625%,
11/01/48,
(Pre-refunded
11/01/23)
11/23
at
100.00
200,487
Springfield,
Illinois,
Electric
Revenue
Bonds,
Refunding
Senior
Lien
Series
2015
:
255
5.000%,
3/01/33
3/25
at
100.00
256,154
160
5.000%,
3/01/34
-
AGM
Insured
3/25
at
100.00
161,298
Total
Illinois
12,736,720
21
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Indiana
-
1.6%
$
170
Indiana
Finance
Authority,
Educational
Facilities
Revenue
Bonds,
Earlham
College,
Refunding
Series
2013A,
5.000%,
10/01/32
10/23
at
100.00
$
170,006
100
Indiana
Finance
Authority,
Environmental
Facilities
Revenue
Bonds,
Indianapolis
Power
&
Light
Company
Project,
Refunding
Series
2020A,
0.950%,
12/01/38,
(AMT),
(Mandatory
Put
4/01/26)
No
Opt.
Call
88,090
585
Indiana
Finance
Authority,
Environmental
Revenue
Bonds,
Duke
Energy
Indiana,
Inc.
Project,
Refunding
Series
2009A-1,
4.500%,
5/01/35,
(AMT),
(Mandatory
Put
6/01/32)
6/27
at
100.00
573,047
80
Indiana
Finance
Authority,
Wastewater
Utility
Revenue
Bonds,
CWA
Authority
Project,
Series
2014A,
5.000%,
10/01/24
No
Opt.
Call
80,828
30
Indiana
Housing
and
Community
Development
Authority,
Single
Family
Mortgage
Revenue
Bonds,
Series
2021A,
2.050%,
7/01/41
7/30
at
100.00
19,607
350
Indiana
Housing
and
Community
Development
Authority,
Single
Family
Mortgage
Revenue
Bonds,
Social
PAC
Series
2021B,
2.125%,
7/01/41
7/30
at
100.00
227,101
140
Indianapolis,
Indiana,
Thermal
Energy
System
Revenue
Bonds,
Refunding
First
Lien
Series
2014A,
5.000%,
10/01/31
10/24
at
100.00
141,477
200
Terre
Haute
Sanitary
District,
Indiana,
Revenue
Bonds,
Bond
Anticipation
Notes
Series
2023,
5.250%,
9/28/28
7/24
at
100.00
197,804
250
Vanderburgh
County,Indiana,
Redevelopment
District
Tax
Increment
Revenue
bonds,
Refunding
Series
2014,
5.000%,
2/01/29
8/24
at
100.00
252,087
130
Whiting,
Indiana,
Environmental
Facilities
Refunding
Revenue
Bonds,
BP
Products
North
America
Inc.
Project,
Refunidng
Series
2019A,
5.000%,
12/01/44,
(AMT),
(Mandatory
Put
6/05/26)
No
Opt.
Call
132,102
Total
Indiana
1,882,149
Iowa
-
0.2%
200
Iowa
Finance
Authority,
Iowa,
Midwestern
Disaster
Area
Revenue
Bonds,
Iowa
Fertilizer
Company
Project,
Refunding
Series
2022,
4.000%,
12/01/50,
(Mandatory
Put
12/01/32)
12/29
at
103.00
186,831
100
Iowa
Finance
Authority,
Single
Family
Mortgage
Revenue
Bonds,
Social
Series
2021B,
2.200%,
7/01/41
7/30
at
100.00
65,129
Total
Iowa
251,960
Kansas
-
0.1%
100
Wyandotte
County-Kansas
City
Unified
Government,
Kansas,
Sales
Tax
Special
Obligation
Bonds,
Village
East
Project
Areas
2B
3
and
5,
Series
2022,
5.750%,
9/01/39,
144A
3/29
at
103.00
92,439
Total
Kansas
92,439
Kentucky
-
2.0%
30
Ashland,
Kentucky,
Medical
Center
Revenue
Bonds,
Ashland
Hospital
Corporation
d/b/a
King's
Daughters
Medical
Center
Project,
Refunding
Series
2019,
4.000%,
2/01/36
2/30
at
100.00
27,143
225
Carroll
County,
Kentucky,
Environmental
Facilities
Revenue
Bonds,
Kentucky
Utilities
Company
Project,
Series
2008A,
2.000%,
2/01/32,
(AMT)
6/31
at
100.00
167,981
320
Henderson,
Kentucky,
Facilities
Revenue
Bonds,
Pratt
Paper
LLC
Project,
Series
2022B,
3.700%,
1/01/32,
(AMT)
No
Opt.
Call
303,571
Nuveen
Select
Maturities
Municipal
Fund
(continued)
Portfolio
of
Investments
September
30,
2023
(Unaudited)
22
NIM
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Kentucky
-
2.0%
(continued)
$
550
Kentucky
Economic
Development
Finance
Authority,
Hospital
Revenue
Bonds,
Owensboro
Health,
Refunding
Series
2017A,
5.000%,
6/01/31
6/27
at
100.00
$
543,135
275
Public
Energy
Authority
of
Kentucky,
Gas
Supply
Revenue
Bonds,
Series
2018A,
4.000%,
4/01/48,
(Mandatory
Put
4/01/24)
1/24
at
100.37
273,932
480
Public
Energy
Authority
of
Kentucky,
Gas
Supply
Revenue
Bonds,
Series
2018B,
4.000%,
1/01/49,
(Mandatory
Put
1/01/25)
10/24
at
100.24
475,567
100
Public
Energy
Authority
of
Kentucky,
Gas
Supply
Revenue
Bonds,
Series
2020A,
4.000%,
12/01/50,
(Mandatory
Put
6/01/26)
3/26
at
100.63
98,088
500
Trimble
County,
Kentucky,
Pollution
Control
Revenue
Bonds,
Louisville
Gas
and
Electric
Company
Project,
Series
2016A,
1.300%,
9/01/44,
(AMT),
(Mandatory
Put
9/01/27)
No
Opt.
Call
424,716
25
Warren
County,
Kentucky,
Hospital
Revenue
Bonds,
Bowling
Green-Warren
County
Community
Hospital
Corporation,
Refunding
Series
2021A,
5.000%,
4/01/29
No
Opt.
Call
26,464
Total
Kentucky
2,340,597
Louisiana
-
2.8%
200
Calcasieu
Parish
Memorial
Hospital
Service
District,
Louisiana,
Revenue
Bonds,
Lake
Charles
Memorial
Hospital,
Refunding
Series
2019,
5.000%,
12/01/39
12/29
at
100.00
164,000
30
Louisiana
Housing
Corporation,
Single
Family
Mortgage
Revenue
Bonds,
Home
Ownership
Program,
Series
2021D,
2.350%,
12/01/41
6/30
at
100.00
20,050
485
Louisiana
Housing
Corporation,
Single
Family
Mortgage
Revenue
Bonds,
Home
Ownership
Program,
Series
2022A,
3.850%,
12/01/37
6/31
at
100.00
435,962
525
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Louisiana,
Revenue
Bonds,
Entergy
Lousiana,
LLC
Project,
Refunding
Series
2021B,
2.500%,
4/01/36
4/26
at
100.00
397,982
1,000
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Revenue
Bonds,
Westlake
Chemical
Corporation
Projects,
Refunding
Series
2017,
3.500%,
11/01/32
11/27
at
100.00
921,910
160
Louisiana
Publc
Facilities
Authority,
Lousiana,
Revenue
Bonds,
Ochsner
Clinic
Foundation
Project,
Refunding
Series
2017,
5.000%,
5/15/30
5/27
at
100.00
163,091
235
Louisiana
Public
Facilities
Authority,
Revenue
Bonds,
Ochsner
Clinic
Foundation
Project,
Refunding
Series
2016,
5.000%,
5/15/29
5/26
at
100.00
238,733
415
Louisiana
Public
Facilities
Authority,
Revenue
Bonds,
Ochsner
Clinic
Foundation
Project,
Series
2015,
5.000%,
5/15/24
No
Opt.
Call
416,750
140
New
Orleans,
Louisiana,
General
Obligation
Bonds,
Refunding
Series
2015,
5.000%,
12/01/25
No
Opt.
Call
143,229
100
(c)
New
Orleans,
Louisiana,
Sewerage
Service
Revenue
Bonds,
Series
2015,
5.000%,
6/01/32,
(Pre-refunded
6/01/25)
6/25
at
100.00
102,042
105
Saint
James
Parish,
Louisiana,
Revenue
Bonds,
NuStar
Logistics,
L.P.
Project,
Series
2010B,
6.100%,
12/01/40,
(Mandatory
Put
6/01/30),
144A
No
Opt.
Call
110,980
100
Saint
John
the
Baptist
Parish,
Louisiana,
Revenue
Bonds,
Marathon
Oil
Corporation
Project,
Refunding
Series
2017A-3,
2.200%,
6/01/37,
(Mandatory
Put
7/01/26)
No
Opt.
Call
93,556
23
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Louisiana
-
2.8%
(continued)
$
165
Shreveport,
Louisiana,
Water
and
Sewer
Revenue
Bonds,
Junior
Lien
Series
2019B,
4.000%,
12/01/33
-
AGM
Insured
12/28
at
100.00
$
153,440
Total
Louisiana
3,361,725
Maine
-
0.3%
100
Maine
Health
and
Higher
Educational
Facilities
Authority,
Revenue
Bonds,
MaineHealth
Issue,
Series
2020A,
4.000%,
7/01/40
7/30
at
100.00
90,037
105
Maine
State
Housing
Authority,
Multifamily
Mortgage
Purchase
Bonds,
Series
2021A,
2.050%,
11/15/41
5/30
at
100.00
63,320
100
Maine
State
Housing
Authority,
Multifamily
Mortgage
Purchase
Bonds,
Series
2022A,
2.400%,
11/15/41
11/30
at
100.00
66,111
55
Maine
State
Housing
Authority,
Single
Family
Mortgage
Purchase
Bonds,
Series
2020D,
2.550%,
11/15/40
5/29
at
100.00
37,668
140
Maine
State
Housing
Authority,
Single
Family
Mortgage
Purchase
Bonds,
Social
Series
2021C,
2.150%,
11/15/41
11/30
at
100.00
88,160
Total
Maine
345,296
Maryland
-
0.9%
335
Baltimore,
Maryland,
Convention
Center
Hotel
Revenue
Bonds,
Refunding
Series
2017,
5.000%,
9/01/30
9/27
at
100.00
323,469
220
Maryland
Community
Development
Administration
Department
of
Housing
and
Community
Development,
Residential
Revenue
Bonds,
Series
2019C,
2.700%,
9/01/34
3/29
at
100.00
184,744
230
Maryland
Community
Development
Administration
Department
of
Housing
and
Community
Development,
Residential
Revenue
Bonds,
Series
2021A,
1.950%,
9/01/41
3/30
at
100.00
137,289
175
Maryland
Community
Development
Administration
Department
of
Housing
and
Community
Development,
Residential
Revenue
Bonds,
Series
2021B,
2.100%,
9/01/41
3/30
at
100.00
109,194
400
Maryland
Community
Development
Administration
Department
of
Housing
and
Community
Development,
Residential
Revenue
Bonds,
Series
2021C,
2.450%,
9/01/41
9/30
at
100.00
269,446
Total
Maryland
1,024,142
Massachusetts
-
0.7%
200
Massachusetts
Development
Finance
Agency
Revenue
Bonds,
Lawrence
General
Hospital
Issue,
Series
2014A,
5.000%,
7/01/27
7/24
at
100.00
192,012
100
Massachusetts
Development
Finance
Agency
Revenue
Refunding
Bonds,
NewBridge
on
the
Charles,
Inc.
Issue,
Series
2017,
4.000%,
10/01/32,
144A
10/23
at
104.00
88,101
120
(c)
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Atrius
Health
Issue,
Series
2019A,
5.000%,
6/01/39,
(Pre-refunded
6/01/29)
6/29
at
100.00
129,097
65
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
CareGroup
Issue,
Series
2018J-2,
5.000%,
7/01/33
7/28
at
100.00
67,182
100
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Milford
Regional
Medical
Center
Issue,
Series
2020G,
5.000%,
7/15/36,
144A
7/30
at
100.00
88,129
50
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Southcoast
Health
System
Obligated
Group
Issue,
Series
2021G,
5.000%,
7/01/35
7/31
at
100.00
51,333
Nuveen
Select
Maturities
Municipal
Fund
(continued)
Portfolio
of
Investments
September
30,
2023
(Unaudited)
24
NIM
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Massachusetts
-
0.7%
(continued)
$
115
Massachusetts
Housing
Finance
Agency,
Single
Family
Housing
Revenue
Bonds,
Series
2019-214,
2.800%,
12/01/39
6/29
at
100.00
$
89,351
70
Massachusetts
Housing
Finance
Agency,
Single
Family
Housing
Revenue
Bonds,
Social
Series
2020-220,
2.125%,
12/01/40
6/30
at
100.00
46,729
65
Massachusetts
Housing
Finance
Agency,
Single
Family
Housing
Revenue
Bonds,
Social
Series
2021-221,
2.200%,
12/01/41
6/30
at
100.00
42,950
65
Massachusetts
Housing
Finance
Agency,
Single
Family
Housing
Revenue
Bonds,
Social
Series
2021-223,
2.350%,
6/01/39
12/30
at
100.00
44,335
Total
Massachusetts
839,219
Michigan
-
2.0%
180
Detroit,
Michigan,
Senior
Lien
Sewerage
Disposal
System
Revenue
Bonds,
Series
2001B,
5.500%,
7/01/29
-
NPFG
Insured
No
Opt.
Call
184,611
150
Michigan
Finance
Authority,
Local
Government
Loan
Program
Revenue
Bonds,
Detroit
Water
&
Sewerage
Department
Sewage
Disposal
System
Local
Project,
Second
Lien
Series
2015C,
5.000%,
7/01/34
7/25
at
100.00
151,795
500
Michigan
Finance
Authority,
Michigan,
Revenue
Bonds,
Trinity
Health
Credit
Group,
Refunding
Series
2022B-MI,
5.000%,
12/01/43,
(Mandatory
Put
12/01/28)
6/28
at
100.00
520,336
50
Michigan
Housing
Development
Authority,
Rental
Housing
Revenue
Bonds,
Series
2018A,
3.800%,
10/01/38
10/27
at
100.00
43,950
270
Michigan
Housing
Development
Authority,
Rental
Housing
Revenue
Bonds,
Series
2021A,
2.250%,
10/01/41
10/30
at
100.00
172,818
265
Michigan
Housing
Development
Authority,
Single
Family
Mortgage
Revenue
Bonds,
Series
2019B,
2.700%,
12/01/34
12/28
at
100.00
214,703
360
Michigan
Housing
Development
Authority,
Single
Family
Mortgage
Revenue
Bonds,
Series
2020C,
2.600%,
12/01/40
6/30
at
100.00
251,571
125
Michigan
Housing
Development
Authority,
Single
Family
Mortgage
Revenue
Bonds,
Social
Series
2021A,
2.150%,
12/01/41
12/30
at
100.00
79,737
25
Michigan
Strategic
Fund,
Limited
Obligation
Revenue
Bonds,
Graphic
Packaging
International,
LLC
Coated
Recycled
Board
Machine
Project,
Green
Series
2021,
4.000%,
10/01/61,
(AMT),
(Mandatory
Put
10/01/26)
No
Opt.
Call
24,551
705
Wayne
County
Airport
Authority,
Michigan,
Revenue
Bonds,
Detroit
Metropolitan
Wayne
County
Airport,
Refunding
Series
2015F,
5.000%,
12/01/33,
(AMT)
12/25
at
100.00
707,543
Total
Michigan
2,351,615
Minnesota
-
0.8%
200
Minneapolis-St.
Paul
Metropolitan
Airports
Commission,
Minnesota,
Airport
Revenue
Bonds,
Refunding
Subordinate
Lien
Series
2014A,
5.000%,
1/01/32
1/24
at
100.00
200,464
69
Minnesota
Housing
Finance
Agency,
Homeownership
Finance
Bonds,
Mortgage-Backed
Securities
Program,
Series
2017E,
2.850%,
6/01/47
7/26
at
100.00
60,607
105
Minnesota
Housing
Finance
Agency,
Residential
Housing
Finance
Bonds,
Series
2020E,
2.500%,
7/01/40
7/29
at
100.00
80,405
70
Minnesota
Housing
Finance
Agency,
Residential
Housing
Finance
Bonds,
Series
2020I,
2.000%,
7/01/40
1/30
at
100.00
50,201
25
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Minnesota
-
0.8%
(continued)
$
100
Minnesota
Housing
Finance
Agency,
Residential
Housing
Finance
Bonds,
Series
2021D,
2.200%,
7/01/41
7/30
at
100.00
$
66,198
115
Minnesota
Housing
Finance
Agency,
Residential
Housing
Finance
Bonds,
Series
2021H,
2.350%,
7/01/41
1/31
at
100.00
83,930
325
Minnesota
Municipal
Gas
Agency,
Commodity
Supply
Revenue
Bonds,
Series
2022A,
4.000%,
12/01/52,
(Mandatory
Put
12/01/27)
9/27
at
100.37
316,034
175
White
Bear
Lake
Independent
School
District
624,
Ramsey
County,
Minnesota,
General
Obligation
Bonds,
Facilities
Maintenance
Series
2021A,
2.000%,
2/01/28
2/27
at
100.00
155,447
Total
Minnesota
1,013,286
Mississippi
-
0.2%
130
Mississippi
Business
Finance
Corporation,
Pollution
Control
Revenue,
Mississippi
Power,
Series
2002,
3.200%,
9/01/28
3/24
at
100.00
124,234
30
Mississippi
Home
Corporation,
Single
Family
Mortgage
Revenue
Bonds,
Series
2021A,
2.000%,
12/01/40
6/30
at
100.00
19,002
45
Mississippi
State,
Gaming
Tax
Revenue
Bonds,
Series
2019A,
5.000%,
10/15/23
No
Opt.
Call
45,010
Total
Mississippi
188,246
Missouri
-
0.5%
100
Branson
Industrial
Development
Authority,
Missouri,
Tax
Increment
Revenue
Bonds,
Branson
Shoppes
Redevelopment
Project,
Refunding
Series
2017A,
4.000%,
11/01/26
11/25
at
100.00
95,730
30
Missouri
Health
and
Educational
Facilities
Authority,
Educational
Facilities
Revenue
Bonds,
Saint
Louis
College
of
Pharmacy,
Series
2015B,
4.000%,
5/01/32
11/23
at
100.00
29,997
60
Missouri
Housing
Development
Commission,
Single
Family
Mortgage
Revenue
Bonds,
First
Place
Homeownership
Loan
Program,
Series
2021B,
2.000%,
11/01/41
5/30
at
100.00
41,859
500
Missouri
Housing
Development
Commission,
Single
Family
Mortgage
Revenue
Bonds,
First
Place
Homeownership
Loan
Program,
Series
2023B,
4.100%,
11/01/38
11/32
at
100.00
457,820
Total
Missouri
625,406
Montana
-
0.4%
260
Billings,
Montana,
Tax
Increment
Urban
Renewal
Revenue
Bonds,
Expanded
North
27th
Street,
Series
2013A,
5.000%,
7/01/33
10/23
at
100.00
259,989
325
Forsyth,
Montana
Pollution
Control
Revenue
Bonds,
Portland
General
Electric
Company
Project,
Refunding
Series
1998A,
2.125%,
5/01/33
3/30
at
102.00
256,563
25
Montana
Board
of
Housing,
Single
Family
Mortgage
Bonds,
Series
2021B,
2.000%,
12/01/41
12/30
at
100.00
15,298
Total
Montana
531,850
Nebraska
-
1.0%
190
Central
Plains
Energy
Project,
Nebraska,
Gas
Project
4
Revenue
Bonds,
Refunding
Series
2023A-1,
5.000%,
5/01/54,
(Mandatory
Put
11/01/29)
8/29
at
100.13
192,310
100
Central
Plains
Energy
Project,
Nebraska,
Gas
Project
4
Revenue
Bonds,
Series
2018A,
5.000%,
3/01/50,
(Mandatory
Put
1/01/24)
10/23
at
100.43
100,340
Nuveen
Select
Maturities
Municipal
Fund
(continued)
Portfolio
of
Investments
September
30,
2023
(Unaudited)
26
NIM
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Nebraska
-
1.0%
(continued)
$
75
Nebraska
Investment
Finance
Authority,
Single
Family
Housing
Revenue
Bonds,
Series
2019D,
2.600%,
9/01/34
3/29
at
100.00
$
65,695
515
Nebraska
Investment
Finance
Authority,
Single
Family
Housing
Revenue
Bonds,
Series
2020A,
2.300%,
9/01/32
3/29
at
100.00
429,846
230
Nebraska
Investment
Finance
Authority,
Single
Family
Housing
Revenue
Bonds,
Series
2021C,
2.300%,
9/01/41
9/30
at
100.00
148,949
100
Sarpy
County
School
District
037
Gretna
Public
Schools,
Nebraska,
General
Obligation
Bonds,
Series
2022B,
5.000%,
12/15/27
12/25
at
100.00
102,201
100
Sarpy
County,
Nebraska,
Limited
Tax
Highway
Allocation
Fund
Pledge
Bonds,
Series
2021,
2.000%,
6/01/27
6/26
at
100.00
90,499
140
Saunders
County
School
District
1,
Ashland-Greenwood,
Nebraska,
General
Obligation
Bonds,
Series
2021,
2.000%,
12/15/50
12/30
at
100.00
69,484
Total
Nebraska
1,199,324
Nevada
-
0.4%
200
(c)
Clark
County,
Nevada,
General
Obligation
Bonds,
Flood
Control
Series
2014,
4.000%,
11/01/33,
(Pre-refunded
11/01/24)
11/24
at
100.00
200,180
100
Director
of
Nevada
State
Department
of
Business
and
Industry,
Revenue
Bonds,
Brightline
West
Passenger
Rail
Project,
Series
2020A,
3.700%,
1/01/50,
(AMT),
(Mandatory
Put
1/31/24)
10/23
at
100.00
99,408
65
Las
Vegas
Convention
and
Visitors
Authority,
Nevada,
Revenue
Bonds,
Refunding
Series
2017B,
4.000%,
7/01/34
7/27
at
100.00
63,538
100
Nevada
Housing
Division,
Single
Family
Housing
Mortgage
Revenue
Bonds,
Refunding
Series
2021A,
2.200%,
10/01/41
10/30
at
100.00
72,421
65
Sparks,
Nevada,
Sales
Tax
Revenue
Bonds,
Tourism
Improvement
District
1
Legends
at
Sparks
Marina,
Refunding
Senior
Series
2019A,
2.750%,
6/15/28,
144A
No
Opt.
Call
59,458
Total
Nevada
495,005
New
Hampshire
-
1.0%
246
National
Finance
Authority,
New
Hampshire,
Municipal
Certificates
Series
2020-1
Class
A,
4.125%,
1/20/34
No
Opt.
Call
228,819
399
National
Finance
Authority,
New
Hampshire,
Municipal
Certificates
Series
2022-1
Class
A,
4.375%,
9/20/36
2022
1
No
Opt.
Call
369,414
148
National
Finance
Authority,
New
Hampshire,
Municipal
Certificates
Series
2022-2
Class
A,
4.000%,
10/20/36
2022
1
No
Opt.
Call
132,851
295
National
Finance
Authority,
New
Hampshire,
Pollution
Control
Revenue
Bonds,
New
York
State
Electric
&
Gas
Corporation
Project,
Refunding
Series
2022A,
4.000%,
12/01/28,
(AMT)
No
Opt.
Call
284,231
125
(c)
New
Hampshire
Business
Finance
Authority,
Water
Facility
Revenue
Bonds,
Pennichuck
Water
Works
Inc.
Project
,
Series
2015A.,
4.250%,
1/01/36,
(Pre-refunded
1/01/26),
(AMT)
1/26
at
100.00
124,820
Total
New
Hampshire
1,140,135
New
Jersey
-
5.7%
535
(c)
Camden
County
Improvement
Authority,
New
Jersey,
Health
Care
Redevelopment
Revenue
Bonds,
Cooper
Health
System
Obligated
Group
Issue,
Refunding
Series
2014A,
5.000%,
2/15/30,
(Pre-refunded
2/15/24)
2/24
at
100.00
536,721
27
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
New
Jersey
-
5.7%
(continued)
$
100
(c)
Gloucester
County
Pollution
Control
Financing
Authority,
New
Jersey,
Pollution
Control
Revenue
Bonds,
Logan
Project,
Refunding
Series
2014A,
5.000%,
12/01/24,
(AMT),
(ETM)
No
Opt.
Call
$
100,178
220
New
Jersey
Economic
Development
Authority,
Private
Activity
Bonds,
The
Goethals
Bridge
Replacement
Project,
Series
2013,
5.000%,
1/01/28,
(AMT)
1/24
at
100.00
220,441
1,000
New
Jersey
Economic
Development
Authority,
School
Facilities
Construction
Bonds,
Refunding
Series
2015XX,
5.000%,
6/15/27
6/25
at
100.00
1,012,757
200
New
Jersey
Economic
Development
Authority,
Special
Facilities
Revenue
Bonds,
Continental
Airlines
Inc.,
Series
1999,
5.250%,
9/15/29,
(AMT)
10/23
at
100.50
199,489
250
New
Jersey
Economic
Development
Authority,
Water
Facilities
Revenue
Bonds,
New
Jersey-American
Water
Company
Inc.
Project,
Refunding
Series
2019A,
2.200%,
10/01/39,
(AMT),
(Mandatory
Put
12/03/29)
12/29
at
100.00
206,497
145
New
Jersey
Higher
Education
Student
Assistance
Authority,
Student
Loan
Revenue
Bonds,
Senior
Lien
Series
2017-1A,
3.750%,
12/01/31,
(AMT)
12/26
at
100.00
142,072
New
Jersey
State,
General
Obligation
Bonds,
Covid-19
Emergency
Series
2020A
:
500
4.000%,
6/01/30
No
Opt.
Call
509,476
150
4.000%,
6/01/31
No
Opt.
Call
152,186
210
4.000%,
6/01/32
No
Opt.
Call
211,827
1,280
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Capital
Appreciation
Series
2010A,
0.000%,
12/15/33
No
Opt.
Call
805,686
1,590
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2010D,
5.000%,
12/15/23
No
Opt.
Call
1,592,052
175
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2019AA,
3.750%,
6/15/33
12/28
at
100.00
168,406
35
(c)
Salem
County
Pollution
Control
Financing
Authority,
New
Jersey,
Pollution
Control
Revenue
Bonds,
Chambers
Project,
Refunding
Series
2014A,
5.000%,
12/01/23,
(AMT),
(ETM)
No
Opt.
Call
35,041
895
Tobacco
Settlement
Financing
Corporation,
New
Jersey,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2018A,
5.000%,
6/01/29
6/28
at
100.00
925,358
Total
New
Jersey
6,818,187
New
Mexico
-
0.1%
90
New
Mexico
Mortgage
Finance
Authority,
Single
Family
Mortgage
Program
Bonds,
Class
1
Series
2019D,
2.800%,
7/01/34
1/29
at
100.00
76,680
100
New
Mexico
Mortgage
Finance
Authority,
Single
Family
Mortgage
Program
Bonds,
Class
1
Series
2021C,
2.100%,
7/01/41
7/30
at
100.00
72,301
Total
New
Mexico
148,981
New
York
-
4.8%
205
Buffalo
and
Erie
County
Industrial
Land
Development
Corporation,
New
York,
Revenue
Bonds,
Catholic
Health
System,
Inc.
Project,
Series
2015,
5.000%,
7/01/24
No
Opt.
Call
201,952
120
Build
NYC
Resource
Corporation,
New
York,
Revenue
Bonds,
Family
Life
Academy
Charter
School,
Series
2020B-1,
5.000%,
6/01/40,
144A
12/30
at
100.00
94,311
Nuveen
Select
Maturities
Municipal
Fund
(continued)
Portfolio
of
Investments
September
30,
2023
(Unaudited)
28
NIM
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
New
York
-
4.8%
(continued)
$
200
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Orange
Regional
Medical
Center
Obligated
Group,
Series
2017,
5.000%,
12/01/28,
144A
6/27
at
100.00
$
193,168
750
Genesee
County
Funding
Corporation,
New
York,
Revenue
Bonds,
Rochester
Regional
Health
Project,
Series
2022A,
5.000%,
12/01/36
12/32
at
100.00
730,726
170
Long
Island
Power
Authority,
New
York,
Electric
System
General
Revenue
Bonds,
Series
2000A,
0.000%,
6/01/24
-
AGM
Insured
No
Opt.
Call
165,453
120
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Refunding
Green
Climate
Certified
Series
2020E,
5.000%,
11/15/33
11/30
at
100.00
125,847
60
Monroe
County
Industrial
Development
Corporation,
New
York,
Revenue
Bonds,
Saint
Ann's
Community
Project,
Series
2019,
5.000%,
1/01/40
1/26
at
103.00
50,726
105
New
York
City
Housing
Development
Corporation,
New
York,
Multifamily
Housing
Revenue
Bonds,
Sustainable
Neighborhood
Series
2019A-3A,
1.125%,
5/01/60,
(Mandatory
Put
11/01/24)
10/23
at
100.00
100,917
New
York
City
Industrial
Development
Agency,
New
York,
PILOT
Payment
in
Lieu
of
Taxes
Revenue
Bonds,
Queens
Baseball
Stadium
Project,
Refunding
Series
2021A
:
20
4.000%,
1/01/32
-
AGM
Insured
1/31
at
100.00
19,823
135
3.000%,
1/01/33
-
AGM
Insured
1/31
at
100.00
116,457
125
New
York
City
Transitional
Finance
Authority,
New
York,
Future
Tax
Secured
Bonds,
Subordinate
Series
2024B,
5.000%,
5/01/38
11/33
at
100.00
132,065
350
New
York
City,
New
York,
General
Obligation
Bonds,
Fiscal
2021
Series
A-1,
5.000%,
8/01/29
No
Opt.
Call
374,921
100
New
York
State
Housing
Finance
Agency,
Affordable
Housing
Revenue
Bonds,
Climate
Bond
Certified/Green
Bond
Series
2018I,
3.625%,
11/01/33
11/27
at
100.00
94,517
215
New
York
State
Housing
Finance
Agency,
Affordable
Housing
Revenue
Bonds,
Climate
Bond
Certified/Sustainability
Series
2019P,
2.600%,
11/01/34
5/28
at
100.00
175,969
215
New
York
State
Housing
Finance
Agency,
Affordable
Housing
Revenue
Bonds,
Refunding
Series
2019C,
3.500%,
11/01/34
5/28
at
100.00
194,527
330
New
York
State
Housing
Finance
Agency,
Affordable
Housing
Revenue
Bonds,
Sustainability
Series
2023C-2,
3.800%,
11/01/62,
(Mandatory
Put
5/01/29)
8/25
at
100.00
317,928
120
New
York
State
Mortgage
Agency,
Homeowner
Mortgage
Revenue
Bonds,
Series
223,
2.650%,
10/01/34
10/28
at
100.00
97,568
100
New
York
State
Mortgage
Agency,
Homeowner
Mortgage
Revenue
Bonds,
Series
225,
2.300%,
10/01/40
10/29
at
100.00
65,698
75
New
York
State
Mortgage
Agency,
Homeowner
Mortgage
Revenue
Bonds,
Series
233,
2.200%,
4/01/36
4/30
at
100.00
54,630
245
New
York
State
Mortgage
Agency,
Homeowner
Mortgage
Revenue
Bonds,
Social
Series
239,
2.450%,
10/01/41
10/30
at
100.00
163,063
245
New
York
State
Mortgage
Agency,
Homeowner
Mortgage
Revenue
Bonds,
Social
Series
242,
2.950%,
10/01/37
4/31
at
100.00
191,575
29
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
New
York
-
4.8%
(continued)
New
York
Transportation
Development
Corporation,
New
York,
Special
Facilities
Bonds,
LaGuardia
Airport
Terminal
B
Redevelopment
Project,
Series
2016A
:
$
135
4.000%,
7/01/32,
(AMT)
7/24
at
100.00
$
126,157
230
4.000%,
7/01/33,
(AMT)
7/24
at
100.00
213,542
180
5.000%,
7/01/34,
(AMT)
7/24
at
100.00
178,403
625
5.000%,
7/01/41,
(AMT)
7/24
at
100.00
608,989
70
4.000%,
7/01/46
-
AGM
Insured,
(AMT)
7/24
at
100.00
58,796
115
New
York
Transportation
Development
Corporation,
New
York,
Special
Facility
Revenue
Bonds,
American
Airlines,
Inc.
John
F
Kennedy
International
Airport
Project,
Refunding
Series
2016,
5.000%,
8/01/26,
(AMT)
10/23
at
100.00
114,333
500
New
York
Transportation
Development
Corporation,
New
York,
Special
Facility
Revenue
Bonds,
Terminal
4
John
F
Kennedy
International
Airport
Project,
Series
2022,
5.000%,
12/01/29,
(AMT)
No
Opt.
Call
512,902
140
Westchester
County
Local
Development
Corporation,
New
York,
Revenue
Bond,
Purchase
Senior
Learning
Community,
Inc.
Project,
Accd
Inv,
Series
2021B-EFRB,
3.600%,
7/01/29
No
Opt.
Call
124,916
115
Westchester
County
Local
Development
Corporation,
New
York,
Revenue
Bond,
Purchase
Senior
Learning
Community,
Inc.
Project,
Accd
Inv,
Series
2021C-EFRB,
3.200%,
7/01/28,
144A
No
Opt.
Call
106,351
Total
New
York
5,706,230
North
Carolina
-
1.9%
85
North
Carolina
Housing
Finance
Agency,
Home
Ownership
Revenue
Bonds,
1998
Trust
Agreement,
Series
2020-43,
2.800%,
1/01/40
1/29
at
100.00
66,113
725
North
Carolina
Housing
Finance
Agency,
Home
Ownership
Revenue
Bonds,
Social
Series
2023-50,
3.950%,
7/01/38
1/32
at
100.00
633,745
1,340
North
Carolina
Municipal
Power
Agency
1,
Catawba
Electric
Revenue
Bonds,
Series
2015C,
5.000%,
1/01/29
1/26
at
100.00
1,365,044
250
North
Carolina
Turnpike
Authority,
Monroe
Expressway
Toll  Revenue
Bonds,
Capital
Appreciation
Series
2017C,
0.000%,
7/01/27
7/26
at
96.08
207,482
Total
North
Carolina
2,272,384
North
Dakota
-
0.9%
270
Horace,
Cass
County,
North
Dakota,
General
Obligation
Bonds,
Refunding
Improvement
Series
2021,
3.000%,
5/01/46
5/27
at
100.00
170,434
55
North
Dakota
Housing
Finance
Agency,
Home
Mortgage
Finance
Program
Bonds,
Series
2019C,
3.200%,
7/01/39
7/28
at
100.00
46,799
55
North
Dakota
Housing
Finance
Agency,
Home
Mortgage
Finance
Program
Bonds,
Series
2020A,
2.700%,
7/01/35
7/29
at
100.00
46,558
95
North
Dakota
Housing
Finance
Agency,
Home
Mortgage
Finance
Program
Bonds,
Series
2020B,
2.350%,
7/01/40
1/30
at
100.00
71,019
100
North
Dakota
Housing
Finance
Agency,
Home
Mortgage
Finance
Program
Bonds,
Series
2021A,
2.250%,
7/01/41
7/30
at
100.00
65,702
500
North
Dakota
Housing
Finance
Agency,
Home
Mortgage
Finance
Program
Bonds,
Social
Series
2022F,
3.950%,
7/01/37
1/32
at
100.00
456,841
Nuveen
Select
Maturities
Municipal
Fund
(continued)
Portfolio
of
Investments
September
30,
2023
(Unaudited)
30
NIM
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
North
Dakota
-
0.9%
(continued)
Ward
County
Health
Care,
North
Dakota,
Revenue
Bonds,
Trinity
Obligated
Group,
Series
2017C
:
$
200
5.000%,
6/01/28
No
Opt.
Call
$
188,598
100
5.000%,
6/01/43
6/28
at
100.00
77,125
Total
North
Dakota
1,123,076
Ohio
-
5.8%
Buckeye
Tobacco
Settlement
Financing
Authority,
Ohio,
Tobacco
Settlement
Asset-Backed
Revenue
Bonds,
Refunding
Senior
Lien
Series
2020A-2
Class
1
:
155
5.000%,
6/01/27
No
Opt.
Call
159,902
75
5.000%,
6/01/30
No
Opt.
Call
79,434
230
5.000%,
6/01/31
6/30
at
100.00
243,321
100
5.000%,
6/01/32
6/30
at
100.00
105,612
250
5.000%,
6/01/34
6/30
at
100.00
263,276
365
5.000%,
6/01/35
6/30
at
100.00
383,953
100
4.000%,
6/01/48
6/30
at
100.00
84,592
295
Buckeye
Tobacco
Settlement
Financing
Authority,
Ohio,
Tobacco
Settlement
Asset-Backed
Revenue
Bonds,
Refunding
Senior
Lien
Series
2020B-2
Class
2,
5.000%,
6/01/55
6/30
at
100.00
254,488
480
Fairfield
County,
Ohio,
Hospital
Facilities
Revenue
Bonds,
Fairfield
Medical
Center
Project,
Series
2013,
5.000%,
6/15/43
10/23
at
100.00
386,916
20
Montgomery
County,
Ohio,
Hospital
Facilities
Revenue
Bonds,
Kettering
Health
Network
Obligated
Group
Project,
Refunding
&
Improvement
Series
2021,
3.000%,
8/01/40
2/31
at
100.00
14,573
45
(d)
Ohio
Air
Quality
Development
Authority,
Ohio,
Air
Quality
Development
Revenue
Bonds,
FirstEnergy
Generation
Corporation
Project,
Series
2009A,
5.700%,
8/01/24
No
Opt.
Call
4
100
Ohio
Air
Quality
Development
Authority,
Ohio,
Pollution
Control
Revenue
Bonds,
FirstEnergy
Generation
Corporation
Project,
Refunding
Series
2009B,
3.100%,
9/01/24
No
Opt.
Call
10
425
(d)
Ohio
Air
Quality
Development
Authority,
Ohio,
Pollution
Control
Revenue
Bonds,
FirstEnergy
Generation
Project,
Refunding
Series
2006A,
3.750%,
12/01/23
No
Opt.
Call
43
90
(d)
Ohio
Air
Quality
Development
Authority,
Ohio,
Pollution
Control
Revenue
Bonds,
FirstEnergy
Nuclear
Generation
Corporation
Project,
Refunding
Series
2010A,
3.125%,
7/01/33
No
Opt.
Call
9
130
(d)
Ohio
Air
Quality
Development
Authority,
Ohio,
Pollution
Control
Revenue
Bonds,
FirstEnergy
Nuclear
Generation
Project,
Refunding
Series
2006B,
3.625%,
12/01/33
No
Opt.
Call
13
335
Ohio
Air
Quality
Development
Authority,
Ohio,
Revenue
Bonds,
American
Electric
Power
Company
Project,
Refunding
Series
2005A,
2.100%,
1/01/29,
(AMT),
(Mandatory
Put
10/01/24)
No
Opt.
Call
323,630
225
Ohio
Air
Quality
Development
Authority,
Ohio,
Revenue
Bonds,
American
Electric
Power
Company
Project,
Refunding
Series
2007A,
2.500%,
8/01/40,
(AMT),
(Mandatory
Put
10/01/29)
No
Opt.
Call
188,016
350
Ohio
Air
Quality
Development
Authority,
Ohio,
Revenue
Bonds,
American
Electric
Power
Company
Project,
Refunding
Series
2007B,
2.500%,
11/01/42,
(AMT),
(Mandatory
Put
10/01/29)
No
Opt.
Call
292,469
31
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Ohio
-
5.8%
(continued)
$
100
Ohio
Air
Quality
Development
Authority,
Ohio,
Revenue
Bonds,
American
Electric
Power
Company
Project,
Refunding
Series
2014B,
2.600%,
6/01/41,
(AMT),
(Mandatory
Put
10/01/29)
10/24
at
100.00
$
84,063
100
Ohio
Air
Quality
Development
Authority,
Ohio,
Revenue
Bonds,
American
Electric
Power
Company
Project,
Refunding
Series
2014D,
1.900%,
5/01/26,
(Mandatory
Put
10/01/24)
No
Opt.
Call
96,415
400
Ohio
Air
Quality
Development
Authority,
Ohio,
Revenue
Bonds,
Dayton
Power
&
Light
Company
Project,
Refunding
Collateralized
Series
2015A,
4.250%,
11/01/40,
(AMT),
(Mandatory
Put
6/01/27)
No
Opt.
Call
388,994
200
Ohio
Air
Quality
Development
Authority,
Ohio,
Revenue
Bonds,
Dueke
Energy
Corporation
Project,
Refunding
Series
2022A,
4.250%,
11/01/39,
(AMT),
(Mandatory
Put
6/01/27)
No
Opt.
Call
195,737
45
Ohio
Air
Quality
Development
Authority,
Ohio,
Revenue
Bonds,
Pratt
Paper
Ohio,
LLC
Project,
Series
2017,
3.750%,
1/15/28,
(AMT),
144A
No
Opt.
Call
44,142
50
Ohio
Higher
Educational
Facility
Commission,
Senior
Hospital
Parking
Revenue
Bonds,
University
Circle
Incorporated
2020
Project,
Series
2020,
5.000%,
1/15/36
1/30
at
100.00
49,364
100
Ohio
Housing
Finance
Agency,
Residential
Mortgage
Revenue
Bonds,
Mortgage-Backed
Securities
Program,
Series
2019B,
3.000%,
9/01/39
9/28
at
100.00
79,243
65
Ohio
Housing
Finance
Agency,
Residential
Mortgage
Revenue
Bonds,
Mortgage-Backed
Securities
Program,
Series
2020A,
2.750%,
9/01/40
3/29
at
100.00
56,354
25
Ohio
Housing
Finance
Agency,
Residential
Mortgage
Revenue
Bonds,
Mortgage-Backed
Securities
Program,
Series
2020B,
2.250%,
9/01/40
9/29
at
100.00
19,192
2,515
Ohio
State,
Turnpike
Revenue
Bonds,
Ohio
Turnpike
and
Infrastructutre
Commission
Infrastructure
Projects,
Junior
Lien,
Capital
Appreciation
Series
2013A-3,
5.700%,
2/15/34
2/31
at
100.00
2,854,723
120
(d)
Ohio
Water
Development
Authority,
Pollution
Control
Revenue
Bonds,
FirstEnergy
Generating
Corporation
Project,
Refunding
Series
2006A,
3.000%,
5/15/49
No
Opt.
Call
12
230
(d)
Ohio
Water
Development
Authority,
Pollution
Control
Revenue
Bonds,
FirstEnergy
Nuclear
Generating
Corporation
Project,
Refunding
Series
2005B,
4.000%,
1/01/34
No
Opt.
Call
23
110
Ohio
Water
Development
Authority,
Pollution
Control
Revenue
Bonds,
FirstEnergy
Nuclear
Generating
Corporation
Project,
Refunding
Series
2008B,
3.625%,
10/01/33
No
Opt.
Call
11
220
(d)
Ohio
Water
Development
Authority,
Pollution
Control
Revenue
Bonds,
FirstEnergy
Nuclear
Generating
Corporation
Project,
Refunding
Series
2010A,
3.750%,
7/01/33
No
Opt.
Call
22
235
Ohio
Water
Development
Authority,
Pollution
Control
Revenue
Bonds,
FirstEnergy
Nuclear
Generating
Corporation
Project,
Refunding
Series
2010C,
4.000%,
6/01/33
No
Opt.
Call
24
110
(d)
Ohio
Water
Development
Authority,
Pollution
Control
Revenue
Refunding
Bonds,
FirstEnergy
Nuclear
Generating
Corporation
Project,
Series
2006B,
4.000%,
12/01/33
No
Opt.
Call
11
95
Toledo-Lucas
County
Port
Authority,
Ohio,
Development
Revenue
Bonds,
Northwest
Ohio
Bond
Fund,
HB
Magruder
Memorial
Hospital
Project,
Series
2021F,
2.250%,
11/15/36
5/28
at
100.00
68,168
Nuveen
Select
Maturities
Municipal
Fund
(continued)
Portfolio
of
Investments
September
30,
2023
(Unaudited)
32
NIM
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Ohio
-
5.8%
(continued)
$
70
Tuscarawas
County
Economic
Development
and
Finance
Alliance,
Ohio,
Higher
Education
Facilities
Revenue
Bonds,
Ashland
University,
Refunding
&
Improvement
Series
2015,
5.375%,
3/01/27
3/25
at
100.00
$
68,706
200
Washington
County,
Ohio,
Hospital
Facilities
Revenue
Bonds,
Memorial
Health
System
Obligated
Group,
Series
2022,
6.375%,
12/01/37
12/32
at
100.00
189,902
Total
Ohio
6,975,367
Oklahoma
-
2.1%
75
Bryan
County
School
Finance
Authority,
Oklahoma,
Educational
Facilities
Lease
Revenue
Bonds,
Durant
Public
Schools
Project,
Refunding
Series
2020,
4.000%,
12/01/28
No
Opt.
Call
75,638
115
Bryan
County
School
Finance
Authority,
Oklahoma,
Educational
Facilities
Lease
Revenue
Bonds,
Durant
Public
Schools
Project,
Series
2020,
2.750%,
9/01/31
9/30
at
100.00
103,367
800
Caddo
County
Governmental
Building
Authority,
Oklahoma,
Sales
Tax
Revenue
Bonds,
Refunding
Series
2018,
3.625%,
9/01/33
9/28
at
100.00
718,693
100
Cleveland
County
Public
Facilities
Authority,
Oklahoma,
Educational
Facilities
Lease
Revenue
Bonds,
Moore
Norman
Technology
Center
Project,
Series
2021,
4.000%,
5/01/35
5/31
at
100.00
99,757
250
Comanche
County
Educational
Facilities
Authority,
Oklahoma,
Educational
Facilities
Lease
Revenue
Bonds,
Elgin
Public
Schools
Project,
Series
2017A,
5.000%,
12/01/31
12/27
at
100.00
263,257
Oklahoma
Development
Finance
Authority,
Health
System
Revenue
Bonds,
OU
Medicine
Project,
Series
2018B
:
230
5.000%,
8/15/28
No
Opt.
Call
220,577
105
5.500%,
8/15/52
8/28
at
100.00
94,050
95
5.500%,
8/15/57
8/28
at
100.00
83,967
100
Oklahoma
Development
Finance
Authority,
Health
System
Revenue
Bonds,
OU
Medicine
Project,
Taxable
Series
2022,
5.500%,
8/15/37
8/32
at
100.00
91,203
45
Oklahoma
Housing
Finance
Agency,
Single
Family
Mortgage
Revenue
Bonds,
Homeownership
Loan
Program,
Series
2020A,
2.650%,
9/01/35
3/29
at
100.00
41,023
495
Oklahoma
Housing
Finance
Agency,
Single
Family
Mortgage
Revenue
Bonds,
Homeownership
Loan
Program,
Series
2022A,
3.800%,
9/01/37
3/31
at
100.00
448,337
110
Tulsa
County
Industrial
Authority,
Oklahoma,
Educational
Facilities
Lease
Revenue
Bonds,
Broken
Arrow
Public
Schools
Project,
Series
2021A,
4.000%,
9/01/31
No
Opt.
Call
108,828
160
Weatherford
Industrial
Trust
Educational,
Oklahoma,
Facilities
Lease
Revenue
Bonds,
Weatherford
Public
Schools
Project,
Series
2019,
5.000%,
3/01/31
3/29
at
100.00
167,185
Total
Oklahoma
2,515,882
Oregon
-
1.1%
1,265
Beaverton
School
District
48J,
Washington
and
Multnomah
Counties,
Oregon,
General
Obligation
Bonds,
Deferred
Interest
Series
2017B,
0.000%,
6/15/31
6/27
at
85.82
904,204
335
Oregon
Health
and
Science
University,
Revenue
Bonds,
Green
Series
2021B-2,
5.000%,
7/01/46,
(Mandatory
Put
2/01/32)
11/31
at
100.00
352,947
33
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Oregon
-
1.1%
(continued)
$
95
Oregon
Housing
and
Community
Services
Department,
Single
Family
Mortgage
Program
Revenue
Bonds,
Series
2021A,
2.250%,
7/01/41
7/30
at
100.00
$
64,128
Total
Oregon
1,321,279
Pennsylvania
-
4.3%
100
Allegheny
County
Higher
Education
Building
Authority,
Pennsylvania,
Revenue
Bonds,
Carnegie
Mellon
University,
Series
2020A,
5.000%,
2/01/30
No
Opt.
Call
108,296
100
Allentown
Neighborhood
Improvement
Zone
Development
Authority,
Pennsylvania,
Tax
Revenue
Bonds,
City
Center
Project,
Series
2018,
5.000%,
5/01/28,
144A
No
Opt.
Call
100,569
220
(d)
Beaver
County
Industrial
Development
Authority,
Pennsylvania,
Pollution
Control
Revenue
Bonds,
FirstEnergy
Nuclear
Generation
Project,
Refunding
Series
2008A,
2.700%,
4/01/35
No
Opt.
Call
22
Berks
County
Industrial
Development
Authority,
Pennsylvania,
Health
System
Revenue
Bonds,
Tower
Health
Project,
Series
2017
:
115
5.000%,
11/01/29
11/27
at
100.00
68,401
145
4.000%,
11/01/32
11/27
at
100.00
83,330
125
3.750%,
11/01/42
11/27
at
100.00
71,184
330
Berks
County
Municipal
Authority,
Pennsylvania,
Revenue
Bonds,
Tower
Health
Project,
Series
2020B-3,
5.000%,
2/01/40,
(Mandatory
Put
2/01/30)
8/29
at
101.50
196,423
235
Commonwealth
Financing
Authority,
Pennsylvania,
State
Appropriation
Lease
Bonds,
Master
Settlement,
Series
2018,
4.000%,
6/01/39
-
AGM
Insured
6/28
at
100.00
213,268
350
Lehigh
County
Industrial
Development
Authority,
Pennsylvania,
Pollution
Control
Revenue
Bonds,
Pennsylvania
Power
and
Light
Company,
Series
2016A,
3.000%,
9/01/29
No
Opt.
Call
320,397
225
Luzerne
County
Industrial
Development
Authority,
Pennsylvania,
Revenue
Bonds,
Pennsylvania-American
Water
Company
Project,
Refunding
Series
2019,
2.450%,
12/01/39,
(AMT),
(Mandatory
Put
12/03/29)
12/29
at
100.00
195,044
5
(d)
Pennsylvania
Economic
Development
Financing
Authority,
Exempt
Facilities
Revenue
Bonds,
Shippingport
Project,
First
Energy
Guarantor.,
Series
2006A,
2.550%,
11/01/41
No
Opt.
Call
1
500
Pennsylvania
Economic
Development
Financing
Authority,
Parking
System
Revenue
Bonds,
Capitol
Region
Parking
System,
Junior
Guaranteed
Series
2013B,
5.500%,
1/01/27
1/24
at
100.00
501,574
250
Pennsylvania
Economic
Development
Financing
Authority,
Parking
System
Revenue
Bonds,
Capitol
Region
Parking
System,
Junior
Insured
Series
2013C,
5.500%,
1/01/26
-
AGM
Insured
1/24
at
100.00
250,830
230
Pennsylvania
Economic
Development
Financing
Authority,
Private
Activity
Revenue
Bonds,
Pennsylvania
Rapid
Bridge
Replacement
Project,
Series
2015,
5.000%,
12/31/25,
(AMT)
No
Opt.
Call
230,343
150
Pennsylvania
Higher
Educational
Facilities
Authority,
Revenue
Bonds,
LaSalle
University,
Series
2012,
5.000%,
5/01/42
10/23
at
100.00
118,808
245
Pennsylvania
Housing
Finance
Agency,
Single
Family
Mortgage
Revenue
Bonds,
Series
2017-125A,
3.400%,
10/01/32,
(AMT)
4/27
at
100.00
218,674
25
Pennsylvania
Housing
Finance
Agency,
Single
Family
Mortgage
Revenue
Bonds,
Series
2019-128A,
3.650%,
10/01/32,
(AMT)
10/27
at
100.00
22,679
Nuveen
Select
Maturities
Municipal
Fund
(continued)
Portfolio
of
Investments
September
30,
2023
(Unaudited)
34
NIM
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Pennsylvania
-
4.3%
(continued)
$
155
Pennsylvania
Housing
Finance
Agency,
Single
Family
Mortgage
Revenue
Bonds,
Series
2019-129,
2.950%,
10/01/34
10/28
at
100.00
$
132,814
150
Pennsylvania
Housing
Finance
Agency,
Single
Family
Mortgage
Revenue
Bonds,
Series
2020-132A,
2.300%,
10/01/35
10/29
at
100.00
116,576
200
Pennsylvania
Housing
Finance
Agency,
Single
Family
Mortgage
Revenue
Bonds,
Series
2020-133,
2.350%,
10/01/40
10/29
at
100.00
135,801
200
Pennsylvania
Housing
Finance
Agency,
Single
Family
Mortgage
Revenue
Bonds,
Social
Series
2022-1394A,
4.000%,
10/01/37
4/32
at
100.00
178,984
Pennsylvania
Turnpike
Commission,
Turnpike
Revenue
Bonds,
Refunding
Subordinate
Second
Series
2016B-2
:
420
5.000%,
6/01/29
6/26
at
100.00
430,898
860
5.000%,
6/01/35
6/26
at
100.00
877,722
385
Pennsylvania
Turnpike
Commission,
Turnpike
Revenue
Bonds,
Refunding
Subordinate
Third
Series
2017,
5.000%,
12/01/32
12/27
at
100.00
401,359
80
Scranton,
Lackawanna
County,
Pennsylvania,
General
Obligation
Notes,
Series
2016,
5.000%,
11/15/26
5/24
at
100.00
77,888
30
Scranton-Lackawanna
Health
and
Welfare
Authority,
Pennsylvania,
University
Revenue
Bonds,
Marywood
University,
Series
2016,
3.375%,
6/01/26
No
Opt.
Call
28,186
Total
Pennsylvania
5,080,071
Puerto
Rico
-
2.7%
Puerto
Rico
Aqueduct
and
Sewerage
Authority,
Revenue
Bonds,
Refunding
Senior
Lien
Series
2020A
:
250
5.000%,
7/01/30,
144A
No
Opt.
Call
249,697
260
5.000%,
7/01/35,
144A
7/30
at
100.00
255,004
49
Puerto
Rico
Aqueduct
and
Sewerage
Authority,
Revenue
Bonds,
Senior
Lien
Series
2008A,
6.125%,
7/01/24
No
Opt.
Call
49,494
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Restructured
2018A-1
:
578
0.000%,
7/01/27
No
Opt.
Call
492,882
165
0.000%,
7/01/29
7/28
at
98.64
128,500
594
0.000%,
7/01/31
7/28
at
91.88
421,549
362
0.000%,
7/01/33
7/28
at
86.06
232,404
207
4.500%,
7/01/34
7/25
at
100.00
199,797
100
5.000%,
7/01/58
7/28
at
100.00
90,708
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Taxable
Restructured
Cofina
Project
Series
2019A-2
:
179
4.329%,
7/01/40
7/28
at
100.00
160,771
71
4.329%,
7/01/40
7/28
at
100.00
63,770
Puerto
Rico,
General
Obligation
Bonds,
Restructured
Series
2022A-1
:
150
5.375%,
7/01/25
No
Opt.
Call
151,615
175
5.625%,
7/01/27
No
Opt.
Call
179,760
100
5.625%,
7/01/29
No
Opt.
Call
103,482
119
5.750%,
7/01/31
No
Opt.
Call
124,507
199
0.000%,
7/01/33
7/31
at
89.94
117,618
177
4.000%,
7/01/33
7/31
at
103.00
159,025
35
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Puerto
Rico
-
2.7%
(continued)
$
55
4.000%,
7/01/35
7/31
at
103.00
$
47,928
Total
Puerto
Rico
3,228,511
Rhode
Island
-
0.4%
100
Rhode
Island
Health
and
Educational
Building
Corporation,
Hospital
Financing
Revenue
Bonds,
Care
New
England
Issue,
Refunding
Series
2016B,
5.000%,
9/01/36
9/26
at
100.00
88,316
180
Rhode
Island
Housing
&
Mortgage
Finance
Corporation,
Homeownership
Opportunity
Bond
Program,
2021
Series
75A,
2.250%,
10/01/41
4/30
at
100.00
118,872
205
Rhode
Island
Housing
&
Mortgage
Finance
Corporation,
Homeownership
Opportunity
Bond
Program,
2022
Series
76A,
2.350%,
10/01/36
4/31
at
100.00
151,113
50
Rhode
Island
Housing
and
Mortgage
Finance
Corporation,
Homeownership
Opportunity
Bond
Program,
Series
2020-72A,
2.550%,
10/01/40
10/29
at
100.00
35,521
100
Rhode
Island
Tobacco
Settlement
Financing
Corporation,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2015B,
4.500%,
6/01/45
6/25
at
100.00
92,403
Total
Rhode
Island
486,225
South
Carolina
-
0.9%
170
South
Carolina
Housing
Finance
and
Development
Authority,
Mortgage
Revenue
Bonds,
Series
2021A,
2.050%,
7/01/41
7/30
at
100.00
105,899
1,000
South
Carolina
Housing
Finance
and
Development
Authority,
Mortgage
Revenue
Bonds,
Series
2023A,
4.750%,
7/01/43
7/32
at
100.00
975,685
Total
South
Carolina
1,081,584
South
Dakota
-
0.2%
75
South
Dakota
Housing
Development
Authority,
Homeownership
Mortgage
Revenue
Bonds,
Series
2021A,
2.100%,
11/01/41
5/30
at
100.00
47,158
105
South
Dakota
Housing
Development
Authority,
Homeownership
Mortgage
Revenue
Bonds,
Series
2021B,
2.050%,
11/01/41
5/30
at
100.00
65,417
110
South
Dakota
Housing
Development
Authority,
Homeownership
Mortgage
Revenue
Bonds,
Series
2022B,
2.300%,
11/01/37
11/30
at
100.00
83,006
Total
South
Dakota
195,581
Tennessee
-
0.5%
125
Tennergy
Corporation,
Tennessee,
Gas
Revenue
Bonds,
Series
2021A,
4.000%,
12/01/51,
(Mandatory
Put
9/01/28)
6/28
at
100.68
119,689
165
Tennergy
Corporation,
Tennessee,
Gas
Revenue
Bonds,
Series
2022A,
5.500%,
10/01/53,
(Mandatory
Put
12/01/30)
9/30
at
100.10
167,679
70
Tennessee
Housing
Development
Agency,
Residential
Finance
Program
Bonds,
Series
2021-3,
2.300%,
7/01/41
1/31
at
100.00
46,082
100
Tennessee
Housing
Development
Agency,
Residential
Finance
Program
Bonds,
Series
2022-2,
4.050%,
7/01/37
7/31
at
100.00
92,034
100
Tennessee
Housing
Development
Agency,
Residential
Finance
Program
Bonds,
Tender
Option
Bond
Trust
Series
2023-XL0448,
4.150%,
7/01/38
7/32
at
100.00
90,669
Nuveen
Select
Maturities
Municipal
Fund
(continued)
Portfolio
of
Investments
September
30,
2023
(Unaudited)
36
NIM
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Tennessee
-
0.5%
(continued)
$
100
The
Tennessee
Energy
Acquisition
Corporation,
Gas
Revenue
Bonds,
Commodity
Project,  Series
2021A,
5.000%,
5/01/52,
(Mandatory
Put
11/01/31)
8/31
at
100.85
$
99,165
Total
Tennessee
615,318
Texas
-
5.1%
Austin
Convention
Enterprises
Inc.,
Texas,
Convention
Center
Hotel
Revenue
Bonds,
Refunding
First
Tier
Series
2017A
:
40
5.000%,
1/01/28
1/27
at
100.00
39,942
55
5.000%,
1/01/30
1/27
at
100.00
54,953
1,000
(c)
Central
Texas
Regional
Mobility
Authority,
Revenue
Bonds,
Senior
Lien,
Series
2015A,
5.000%,
1/01/31,
(Pre-refunded
7/01/25)
7/25
at
100.00
1,018,123
25
City
of
Houston,
Texas,
Convention
&
Entertainment
Facilities
Department
Hotel
Occupancy
Tax
and
Special
Revenue
Bonds,
Refunding
Series
2019,
5.000%,
9/01/34
9/28
at
100.00
26,068
100
Fort
Bend
County
Industrial
Development
Corporation,
Texas,
Revenue
Bonds,
NRG
Energy
Inc.
Project,
Series
2012B,
4.750%,
11/01/42
10/23
at
100.00
89,102
110
Harris
County
Cultural
Education
Facilities
Finance
Corporation,
Texas,
Hospital
Revenue
Bonds,
Memorial
Hermann
Health
System,
Series
2022B,
5.000%,
6/01/50,
(Mandatory
Put
12/01/28)
12/27
at
101.49
114,527
385
Harris
County-Houston
Sports
Authority,
Texas,
Revenue
Bonds,
Refunding
Senior
Lien
Series
2014A,
5.000%,
11/15/26
-
AGM
Insured
11/24
at
100.00
389,448
705
Hidalgo
County
Regional
Mobility
Authority,
Texas,
Toll
and
Vehicle
Registration
Fee
Revenue
Bonds,
Senior
Lien
Series
2022A,
0.000%,
12/01/42
12/31
at
68.27
229,947
465
Houston,
Texas,
Airport
System
Revenue
Bonds,
Refunding
Subordinate
Lien
Series
2023A,
5.000%,
7/01/32
-
AGM
Insured,
(AMT)
No
Opt.
Call
489,168
50
Houston,
Texas,
Airport
System
Special
Facilities
Revenue
Bonds,
United
Airlines,
Inc.
Terminal
E
Project,
Refunding
Series
2014,
5.000%,
7/01/29,
(AMT)
7/24
at
100.00
49,261
430
Love
Field
Airport
Modernization
Corporation,
Texas,
General
Airport
Revenue
Bonds
Series
2015,
5.000%,
11/01/28,
(AMT)
11/25
at
100.00
433,228
McCamey
County
Hospital
District,
Texas,
General
Obligation
Bonds,
Series
2013
:
75
5.000%,
12/01/25
No
Opt.
Call
73,725
100
5.250%,
12/01/28
12/25
at
100.00
98,548
100
Mission
Economic
Development
Corporation,
Texas,
Revenue
Bonds,
Natgasoline
Project,
Senior
Lien
Series
2018,
4.625%,
10/01/31,
(AMT),
144A
10/23
at
103.00
95,899
North
Texas
Tollway
Authority,
Special
Projects
System
Revenue
Bonds,
Convertible
Capital
Appreciation
Series
2011C
:
245
(c)
7.000%,
9/01/43,
(Pre-refunded
9/01/31)
9/31
at
100.00
292,779
500
(c)
6.750%,
9/01/45,
(Pre-refunded
9/01/31)
9/31
at
100.00
600,363
Port
Beaumont
Navigation
District,
Jefferson
County,
Texas,
Dock
and
Wharf
Facility
Revenue
Bonds,
Jefferson
Gulf
Coast
Energy
Project,
Series
2021A
:
100
2.750%,
1/01/36,
(AMT),
144A
10/23
at
103.00
68,597
300
2.875%,
1/01/41,
(AMT),
144A
10/23
at
103.00
187,055
37
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Texas
-
5.1%
(continued)
$
100
3.000%,
1/01/50,
(AMT),
144A
10/23
at
103.00
$
55,047
100
Round
Rock,
Texas,
Combined
Tax
and
Revenue
Certificates
of
Obligation,
Series
2021C,
2.000%,
8/15/46
8/30
at
100.00
55,108
100
Texas
Department
of
Housing
and
Community
Affairs,
Single
Family
Mortgage
Revenue
Bonds,
Series
2021A,
2.050%,
9/01/41
3/30
at
100.00
62,511
515
Texas
Private
Activity
Bond
Surface
Transporation
Corporation,
Revenue
Bonds,
NTE
Mobility
Partners
LLC
North
Tarrant
Express
Managed
Lanes
Project,
Refunding
Senior
Lien
Series
2019A,
4.000%,
12/31/38
12/29
at
100.00
465,989
100
Texas
Private
Activity
Bond
Surface
Transportation
Corporation,
Senior
Lien
Revenue
Bonds,
LBJ
Infrastructure
Group
LLC
IH-635
Managed
Lanes
Project,
Refunding  Series
2020A,
4.000%,
6/30/32
12/30
at
100.00
94,677
500
Texas
State,
General
Obligation
Bonds,
College
Student
Loan
Series
2023A,
5.000%,
8/01/36,
(AMT)
8/33
at
100.00
525,888
500
Texas
Transportation
Commission,
Central
Texas
Turnpike
System
Revenue
Bonds,
Refunding
Second
Tier
Series
2015C,
5.000%,
8/15/34
8/24
at
100.00
496,611
Total
Texas
6,106,564
Utah
-
0.2%
250
Salt
Lake
City,
Utah,
Airport
Revenue
Bonds,
International
Airport
Series
2023A,
5.250%,
7/01/36,
(AMT)
7/33
at
100.00
268,426
Total
Utah
268,426
Virginia
-
1.0%
Virginia
Small
Business
Financing
Authority,
Revenue
Bonds,
95
Express
Lanes
LLC
Project,
Refunding
Senior
Lien
Series
2022
:
250
5.000%,
7/01/36,
(AMT)
1/32
at
100.00
256,872
150
5.000%,
1/01/38,
(AMT)
1/32
at
100.00
151,681
115
5.000%,
12/31/38,
(AMT)
12/32
at
100.00
115,817
445
5.000%,
12/31/39,
(AMT)
12/32
at
100.00
446,302
140
Wise
County
Industrial
Development
Authority,
Virginia,
Solid
Waste
and
Sewage
Disposal
Revenue
Bonds,
Virginia
Electric
and
Power
Company,
Series
2009A,
0.750%,
10/01/40,
(Mandatory
Put
9/02/25)
No
Opt.
Call
127,935
105
Wise
County
Industrial
Development
Authority,
Virginia,
Solid
Waste
and
Sewage
Disposal
Revenue
Bonds,
Virginia
Electric
and
Power
Company,
Series
2010A,
1.200%,
11/01/40,
(Mandatory
Put
5/31/24)
No
Opt.
Call
102,222
Total
Virginia
1,200,829
Washington
-
1.5%
400
Port
of
Seattle,
Washington,
Revenue
Bonds,
Intermediate
Lien
Series
2018A,
5.000%,
5/01/31,
(AMT)
5/27
at
100.00
408,337
100
Port
of
Seattle,
Washington,
Revenue
Bonds,
Refunding
Intermediate
Lien
Private
Activity
Series
2022B,
5.000%,
8/01/29,
(AMT)
No
Opt.
Call
103,452
200
Washington
Health
Care
Facilities
Authority,
Revenue
Bonds,
CommonSpirit
Health,
Series
2019B-3,
5.000%,
8/01/49,
(Mandatory
Put
8/01/26)
2/26
at
100.00
202,632
100
Washington
State
Housing
Finance
Commission,
Single
Family
Program
Bonds,
Series
2021-1N,
2.200%,
6/01/41
6/30
at
100.00
65,849
Nuveen
Select
Maturities
Municipal
Fund
(continued)
Portfolio
of
Investments
September
30,
2023
(Unaudited)
38
NIM
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Washington
-
1.5%
(continued)
$
333
Washington
State
Housing
Finance
Commission,
Social
Municipal
Certificates
Multifamily
Revenue
Bonds,
Series
2021-1
Class
A,
3.500%,
12/20/35
2021
0
No
Opt.
Call
$
288,021
200
Washington
State,
General
Obligation
Bonds,
Various
Purpose
Refunding
Series
R-2022C,
4.000%,
7/01/27
No
Opt.
Call
203,114
595
Whidbey
Island
Public
Hospital
District,
Island
County,
Washington,
General
Obligation
Bonds,
Whidbey
General
Hospital,
Series
2013,
5.500%,
12/01/33
10/23
at
100.00
540,067
Total
Washington
1,811,472
West
Virginia
-
0.5%
100
Monongalia
County
Commission,
West
Virginia,
Special
District
Excise
Tax
Revenue
Bonds,
University
Town
Centre
Economic
Opportunity
Development
District,
Refunding
&
Improvement
Series
2017A,
4.500%,
6/01/27,
144A
No
Opt.
Call
99,329
155
West
Virginia
Economic
Development
Authority,
Solid
Waste
Disposal
Facilities
Revenue
Bonds,
Appalachian
Power
Company
-
Amos
Project,
Series
2010,
0.625%,
12/01/38,
(Mandatory
Put
12/15/25)
No
Opt.
Call
140,255
80
West
Virginia
Hospital
Finance
Authority,
Hospital
Revenue
Bonds,
Charleston
Area
Medical
Center,
Series
2014A,
5.000%,
9/01/25
9/24
at
100.00
80,202
240
West
Virginia
Hospital
Finance
Authority,
Revenue
Bonds,
West
Virginia
University
Health
System
Obligated
Group,
Improvement
Series
2017A,
3.375%,
6/01/29
6/27
at
100.00
224,382
Total
West
Virginia
544,168
Wisconsin
-
3.2%
600
Public
Finance
Authority
of
Wisconsin,
Limited
Obligation
PILOT
Revenue
Bonds,
American
Dream
@
Meadowlands
Project,
Series
2017,
6.500%,
12/01/37,
144A
12/27
at
100.00
533,396
340
Public
Finance
Authority
of
Wisconsin,
Pollution
Control
Revenue
Bonds,
Duke
Energy
Progress
Project,
Refunding
Series
2022A-2,
3.700%,
10/01/46,
(Mandatory
Put
10/01/30)
No
Opt.
Call
327,849
350
Public
Finance
Authority
of
Wisconsin,
Solid
Waste
Disposal
Revenue
Bonds,
Waste
Management
Inc.,
Refunding
Series
2016A-2,
2.875%,
5/01/27
5/26
at
100.00
324,491
Public
Finance
Authority,
Wisconsin,
Exempt
Facilities
Revenue
Bonds,
Celanese
Project,
Refunding
Series
2016C
:
65
4.050%,
11/01/30
5/26
at
100.00
61,839
175
4.300%,
11/01/30
5/26
at
100.00
169,082
40
Wisconsin
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
PHW
Muskego,
Inc.
Project,
Series
2021,
4.000%,
10/01/41
10/28
at
102.00
30,003
80
Wisconsin
Health
and
Educational
Facilities
Authority,
Wisconsin,
Revenue
Bonds,
Gundersen
Health
System,
Refunding
Series
2021A,
4.000%,
10/15/34
10/31
at
100.00
77,978
150
Wisconsin
Health
and
Educational
Facilities
Authority,
Wisconsin,
Revenue
Bonds,
Marshfield
Clinic
Health
System,
Inc.,
Series
2020B-1,
5.000%,
2/15/52,
(Mandatory
Put
2/15/25)
8/24
at
100.00
150,365
1,555
Wisconsin
Health
and
Educational
Facilities
Authority,
Wisconsin,
Revenue
Bonds,
ThedaCare
Inc,
Series
2015,
5.000%,
12/15/26
12/24
at
100.00
1,567,237
39
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Wisconsin
-
3.2%
(continued)
$
555
Wisconsin
Housing
and
Ecconomic
Development
Authority,
Home
Ownership
Revenue
Bonds,
Series
2020A,
2.700%,
9/01/35
9/29
at
100.00
$
459,039
100
Wisconsin
Housing
and
Economic
Development
Authority,
Housing
Revenue
Bonds,
Series
2021C,
2.500%,
11/01/41
5/31
at
100.00
67,485
Total
Wisconsin
3,768,764
Wyoming
-
0.2%
230
Campbell
County,
Wyoming
Solid
Waste
Facilities
Revenue
Bonds,
Basin
Electric
Power
Cooperative,
Dry
Fork
Station
Facilities,
Series
2019A,
3.625%,
7/15/39
5/29
at
100.00
184,826
25
Wyoming
Community
Development
Authority,
Housing
Revenue
Bonds,
2020
Series
1,
2.625%,
12/01/35
6/29
at
100.00
20,681
50
Wyoming
Community
Development
Authority,
Housing
Revenue
Bonds,
2023
Series
1,
4.200%,
12/01/38
6/32
at
100.00
46,678
Total
Wyoming
252,185
Total
Municipal
Bonds
(cost
$117,744,527)
110,391,936
Shares
Description
(a)
Value
X
COMMON
STOCKS
-
4.4%
X
5,255,286
Utilities
-
4.4%
65,897
(d),(e),(f)
Energy
Harbor
Corp
$
5,255,286
Total
Utilities
5,255,286
Total
Common
Stocks
(cost
$1,755,742)
5,255,286
Principal
Amount
(000)
Description
(a)
Coupon
Maturity
Value
X–
ASSET-BACKED
AND
MORTGAGE-BACKED
SECURITIES
-
0.4%
X
455,393
$
199
Federal
Home
Loan
Mortgage
Corporation,
Notes,
2023
23-ML15
4.140%
1/25/40
$
175,083
197
Federal
Home
Loan
Mortgage
Corporation,
Notes,
2022
M068
3.150%
10/15/36
157,913
68
Freddie
Mac
Multi-Family
ML
Certificates,
Series
ML
08,
Series
2021,
2021
ML08
1.877%
7/25/37
48,015
107
Freddie
Mac
Multi-Family
ML
Certificates,
Series
ML
10,
Series
2021,
2021
ML10
2.032%
1/25/38
74,382
Total
Asset-Backed
and
Mortgage-Backed
Securities
(cost
$568,014)
455,393
Total
Long-Term
Investments
(cost
$120,068,283)
116,102,615
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
SHORT-TERM
INVESTMENTS
-
1.3% 
X
MUNICIPAL
BONDS
-
1.3%
X
1,500,000
Connecticut
-
0.4%
$
400
(g)
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
The
Hotchkiss
School,
Series
2000A,
4.000%,
7/01/30,
(Mandatory
Put
10/6/2023)
10/23
at
100.00
$
400,000
Total
Connecticut
400,000
Nuveen
Select
Maturities
Municipal
Fund
(continued)
Portfolio
of
Investments
September
30,
2023
(Unaudited)
40
NIM
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
National
-
0.9%
$
1,100
(g)
Invesco
Value
Municipal
Income
Trust
Variable
Rate
Munifund
Term
Preferred
Shares
Series
2015/6
IIM.
JP
MORGAN
CHASE
PUTTERS
/
DRIVERS
TR
VAR
STS
CTFS
5028.
Ticker
Symbol
-
VGM,
5.300%,
3/20/24,
(AMT),
(Mandatory
Put
9/29/2023),
144A
No
Opt.
Call
$
1,100,000
Total
National
1,100,000
Total
Municipal
Bonds
(cost
$1,500,000)
1,500,000
Total
Short-Term
Investments
(cost
$1,500,000)
1,500,000
Total
Investments
(cost
$121,568,283
)
-
98.7%
117,602,615
Other
Assets
&
Liabilities,
Net
-   1.3%
1,565,780
Net
Assets
Applicable
to
Common
Shares
-
100%
$
119,168,395
(a)
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets
applicable
to
common
shares
unless
otherwise
noted.
(b)
Optional
Call
Provisions:
Dates
(month
and
year)
and
prices
of
the
earliest
optional
call
or
redemption.
There
may
be
other
call
provisions
at
varying
prices
at
later
dates.
Certain
mortgage-backed
securities
may
be
subject
to
periodic
principal
paydowns.
(c)
Backed
by
an
escrow
or
trust
containing
sufficient
U.S.
Government
or
U.S.
Government
agency
securities,
which
ensure
the
timely
payment
of
principal
and
interest.
(d)
Defaulted
security.
A
security
whose
issuer
has
failed
to
fully
pay
principal
and/or
interest
when
due,
or
is
under
the
protection
of
bankruptcy.
(e)
Energy
Harbor
Corp
(ENGH)
common
stock
received
as
part
of
the
bankruptcy
settlement
during
February
2020
for
Beaver
County
Industrial
Development
Authority,
Pennsylvania,
Pollution
Control
Revenue
Refunding
Bonds,
FirstEnergy
Nuclear
Generation
Project,
Series
2008A,
2.700%,
4/01/35;
Ohio
Air
Quality
Development
Authority,
Ohio,
Air
Quality
Development
Revenue
Bonds,
FirstEnergy
Generation
Corporation
Project,
Series
2009A,
5.700%,
8/01/20;
Ohio
Air
Quality
Development
Authority,
Ohio,
Pollution
Control
Revenue
Bonds,
FirstEnergy
Generation
Corporation
Project,
Refunding
Series
2009B,
3.100%,
3/01/23;
Ohio
Air
Quality
Development
Authority,
Ohio,
Pollution
Control
Revenue
Bonds,
FirstEnergy
Generation
Project,
Refunding
Series
2006A,
3.750%,
12/01/23;
Ohio
Air
Quality
Development
Authority,
Ohio,
Pollution
Control
Revenue
Bonds,
FirstEnergy
Nuclear
Generation
Corporation
Project,
Refunding
Series
2010A,
0.000%,
7/01/33;
Ohio
Air
Quality
Development
Authority,
Ohio,
Pollution
Control
Revenue
Bonds,
FirstEnergy
Nuclear
Generation
Project,
Refunding
Series
2006B,
3.625%,
12/01/33;
Ohio
Water
Development
Authority,
Pollution
Control
Revenue
Refunding
Bonds,
FirstEnergy
Nuclear
Generating
Corporation
Project,
Series
2005B,
4.000%,
1/01/34;
Ohio
Water
Development
Authority,
Pollution
Control
Revenue
Refunding
Bonds,
FirstEnergy
Nuclear
Generating
Corporation
Project,
Series
2006A,
3.000%,
5/15/20;
Ohio
Water
Development
Authority,
Pollution
Control
Revenue
Refunding
Bonds,
FirstEnergy
Nuclear
Generating
Corporation
Project,
Series
2006B,
4.000%,
12/01/33;
Ohio
Water
Development
Authority,
Pollution
Control
Revenue
Refunding
Bonds,
FirstEnergy
Nuclear
Generating
Corporation
Project,
Series
2008B,
3.625%,
10/01/33;
Ohio
Water
Development
Authority,
Pollution
Control
Revenue
Refunding
Bonds,
FirstEnergy
Nuclear
Generating
Corporation
Project,
Series
2010A,
3.750%,
7/01/33;
Ohio
Water
Development
Authority,
Pollution
Control
Revenue
Refunding
Bonds,
FirstEnergy
Nuclear
Generating
Corporation
Project,
Series
2010C,
4.000%,
6/01/33;
and
Pennsylvania
Economic
Development
Financing
Authority,
Exempt
Facilities
Revenue
Bonds,
Shippingport
Project,
First
Energy
Guarantor,
Series
2006A,
2.550%,
11/01/41.
Various
funds
and
accounts
managed
by
Nuveen,
including
the
Fund,
collectively
are
a
substantial
minority
holder
of
ENGH’s
outstanding
shares
of
common
stock,
and
possess
certain
other
rights
with
respect
to
the
corporate
governance
of
ENGH.
Due
to
these
facts,
under
the
federal
securities
laws,
the
securities
of
ENGH
held
by
Nuveen
funds
and
accounts,
including
the
Fund,
cannot
be
sold
except
under
limited
conditions
(which
are
not  currently
satisfied).
The
Fund
is
therefore
unable
to
sell
such
shares
in
ordinary
secondary
market
transactions
at
this
time.
On
March
6,
2023
Vistra
Corp.
(“Vistra”)
announced
that
it
has
executed
a
definitive
agreement
with
Energy
Harbor
Corp.,
pursuant
to
which
Energy
Harbor
will
merge
with
and
into
a
newly-formed
subsidiary
of
Vistra.  The
companies
anticipate
closing
the
transaction
in
the
fourth
quarter
of
2023.  In
connection
with
the
transaction,
Nuveen
funds
and
accounts
expect
to
receive
a
combination
of
cash
and
shares
in
a
newly
formed
entity.
Nuveen
expects
these
shares
to
be
issued
in
a
private
transaction
and
may
have
reduced
secondary
market
liquidity.  The
transaction
is
subject
to
certain
regulatory
approvals
and
there
can
be
no
assurance
that
the
transaction
will
close.
(f)
Non-income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
(g)
Investment
has
a
maturity
of
greater
than
one
year,
but
has
variable
rate
and/or
demand
features
which
qualify
it
as
a
short-term
investment.
The
rate
disclosed,
as
well
as
the
reference
rate
and
spread,
where
applicable,
is
that
in
effect
as
of
the
end
of
the
reporting
period.
This
rate
changes
periodically
based
on
market
conditions
or
a
specified
market
index.
144A
Investment
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
investments
may
only
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
AMT
Alternative
Minimum
Tax
ETM
Escrowed
to
maturity
See
Notes
to
Financial
Statements
41
Nuveen
Select
Tax-Free
Income
Portfolio
Portfolio
of
Investments
September
30,
2023
(Unaudited)
NXP
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
LONG-TERM
INVESTMENTS
-
99.0% 
X
MUNICIPAL
BONDS
-
97
.8
%
X
636,600,235
Arizona
-
3.1%
$
255
Arizona
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
Basis
Schools,
Inc.
Projects,
Series
2017F,
3.000%,
7/01/26
No
Opt.
Call
$
245,020
1,950
Glendale
Municipal
Property
Corporation,
Arizona,
Excise
Tax
Revenue
Bonds,
Subordinate
Series
2012C,
4.000%,
7/01/38
10/23
at
100.00
1,781,173
1,000
Maricopa
County
Industrial
Development
Authority,
Arizona,
Education
Revenue
Bonds,
Legacy
Traditional
Schools
Projects,
Series
2021A,
4.000%,
7/01/51,
144A
7/31
at
100.00
720,656
1,465
Maricopa
County
Industrial
Development
Authority,
Arizona,
Education
Revenue
Bonds,
Legacy
Traditional
Schools
Projects,
Taxable
Series
2019B,
5.000%,
7/01/54,
144A
7/29
at
100.00
1,254,907
2,000
Maricopa
County
Industrial
Development
Authority,
Arizona,
Revenue
Bonds,
Banner
Health,
Refunding
Series
2016A,
5.000%,
1/01/38
1/27
at
100.00
2,027,433
1,950
McAllister
Academic
Village
LLC,
Arizona,
Revenue
Bonds,
Arizona
State
University
Hassayampa
Academic
Village
Project,
Refunding
Series
2016,
5.000%,
7/01/37
7/26
at
100.00
1,974,643
1,250
Phoenix
Civic
Improvement
Corporation,
Arizona,
Airport
Revenue
Bonds,
Junior
Lien
Series
2015A,
5.000%,
7/01/34
7/25
at
100.00
1,267,469
3,185
Phoenix
Civic
Improvement
Corporation,
Arizona,
Airport
Revenue
Bonds,
Junior
Lien
Series
2019A,
5.000%,
7/01/44
7/29
at
100.00
3,241,414
5,000
Phoenix
Civic
Improvement
Corporation,
Arizona,
Airport
Revenue
Bonds,
Junior
Lien
Series
2019B,
5.000%,
7/01/49,
(AMT)
7/29
at
100.00
4,965,073
500
Phoenix
Civic
Improvement
Corporation,
Arizona,
Rental
Car
Facility
Charge
Revenue
Bonds,
Series
2019A,
5.000%,
7/01/39
7/29
at
100.00
509,889
2,410
Salt
Verde
Financial
Corporation,
Arizona,
Senior
Gas
Revenue
Bonds,
Citigroup
Energy
Inc
Prepay
Contract
Obligations,
Series
2007,
5.000%,
12/01/37
No
Opt.
Call
2,369,212
Total
Arizona
20,356,889
Arkansas
-
0.4%
6,555
Arkansas
Development
Finance
Authority,
Tobacco
Settlement
Revenue
Bonds,
Arkansas
Cancer
Research
Center
Project,
Series
2006,
0.000%,
7/01/46
-
AMBAC
Insured
No
Opt.
Call
1,891,955
500
Pulaski
County,
Arkansas,
Hospital
Revenue
Bonds,
Arkansas
Children's
Hospital,
Series
2023,
5.000%,
3/01/43
3/33
at
100.00
505,206
Total
Arkansas
2,397,161
California
-
16.6%
11,000
Alhambra
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Capital
Appreciation
Series
2009B,
0.000%,
8/01/41
-
AGC
Insured
No
Opt.
Call
4,623,283
4,245
Anaheim
City
School
District,
Orange
County,
California,
General
Obligation
Bonds,
Election
2002
Series
2007,
0.000%,
8/01/31
-
AGM
Insured
No
Opt.
Call
3,089,917
Anaheim
Public
Financing
Authority,
California,
Lease
Revenue
Bonds,
Public
Improvement
Project,
Series
1997C
:
2,840
0.000%,
9/01/30
-
AGM
Insured
No
Opt.
Call
2,110,977
6,740
(c)
0.000%,
9/01/35
-
AGM
Insured,
(ETM)
No
Opt.
Call
4,170,193
5,760
0.000%,
9/01/35
-
AGM
Insured
No
Opt.
Call
3,332,246
Nuveen
Select
Tax-Free
Income
Portfolio
(continued)
Portfolio
of
Investments
September
30,
2023
(Unaudited)
42
NXP
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
California
-
16.6%
(continued)
$
120
California
County
Tobacco
Securitization
Agency,
Tobacco
Settlement
Asset-Backed
Bonds,
Los
Angeles
County
Securitization
Corporation,
Series
2020A,
4.000%,
6/01/49
6/30
at
100.00
$
100,932
1,630
California
State
Public
Works
Board,
Lease
Revenue
Bonds,
Various
Capital
Projects,
Series
2013I,
5.000%,
11/01/38
11/23
at
100.00
1,630,803
2,645
Cypress
Elementary
School
District,
Orange
County,
California,
General
Obligation
Bonds,
Series
2009A,
0.000%,
5/01/34
-
AGM
Insured
No
Opt.
Call
1,686,774
2,440
Eureka
Unified
School
District,
Humboldt
County,
California,
General
Obligation
Bonds,
Series
2002,
0.000%,
8/01/27
-
AGM
Insured
No
Opt.
Call
2,089,074
Folsom
Cordova
Unified
School
District,
Sacramento
County,
California,
General
Obligation
Bonds,
School
Facilities
Improvement
District
4,
Series
2007A
:
3,290
0.000%,
10/01/24
-
NPFG
Insured
No
Opt.
Call
3,157,715
2,275
0.000%,
10/01/28
-
NPFG
Insured
No
Opt.
Call
1,856,991
1,000
Fresno,
California,
Airport
Revenue
Bonds,
Series
2023A,
5.000%,
7/01/53
-
BAM
Insured,
(AMT)
7/33
at
100.00
991,278
6,080
(c)
Golden
State
Tobacco
Securitization
Corporation,
California,
Enhanced
Tobacco
Settlement
Asset-Backed
Revenue
Bonds,
Series
2005A,
0.000%,
6/01/28
-
AMBAC
Insured,
(ETM)
No
Opt.
Call
5,159,599
6,060
Grossmont
Union
High
School
District,
San
Diego
County,
California,
General
Obligation
Bonds,
Series
2006,
0.000%,
8/01/25
-
NPFG
Insured
No
Opt.
Call
5,623,425
1,495
Huntington
Beach
Union
High
School
District,
Orange
County,
California,
General
Obligation
Bonds,
Series
2007,
0.000%,
8/01/33
-
FGIC
Insured
No
Opt.
Call
991,384
4,055
Kern
Community
College
District,
California,
General
Obligation
Bonds,
Series
2003A,
0.000%,
3/01/28
-
FGIC
Insured
No
Opt.
Call
3,404,621
3,480
(d)
Mount
San
Antonio
Community
College
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
of
2008,
Series
2013A,
0.000%,
8/01/43
8/35
at
100.00
3,109,057
450
M-S-R
Energy
Authority,
California,
Gas
Revenue
Bonds,
Citigroup
Prepay
Contracts,
Series
2009C,
6.500%,
11/01/39
No
Opt.
Call
509,540
11,985
Norwalk
La
Mirada
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2002,
Series
2007C,
0.000%,
8/01/32
-
AGM
Insured
No
Opt.
Call
8,325,059
1,250
Ontario
International
Airport
Authority,
California,
Revenue
Bonds,
Series
2021A,
5.000%,
5/15/46
-
AGM
Insured
5/31
at
100.00
1,305,544
1,195
Palmdale
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Series
2003,
0.000%,
8/01/28
-
AGM
Insured
No
Opt.
Call
994,421
Palomar
Pomerado
Health,
California,
General
Obligation
Bonds,
Capital
Appreciation,
Election
of
2004,
Series
2007A
:
4,620
0.000%,
8/01/24
-
NPFG
Insured
No
Opt.
Call
4,463,031
3,000
0.000%,
8/01/25
-
NPFG
Insured
No
Opt.
Call
2,779,889
8,790
Pittsburg
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Los
Medanos
Community
Development
Project,
Series
1999,
0.000%,
8/01/29
-
AMBAC
Insured
No
Opt.
Call
6,854,669
12,240
(c)
Placentia-Yorba
Linda
Unified
School
District,
Orange
County,
California,
Certificates
of
Participation,
Series
2006,
0.000%,
10/01/34
-
FGIC
Insured,
(ETM)
No
Opt.
Call
7,991,524
1,500
Placer
Union
High
School
District,
Placer
County,
California,
General
Obligation
Bonds,
Series
2004C,
0.000%,
8/01/32
-
AGM
Insured
No
Opt.
Call
1,022,310
43
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
California
-
16.6%
(continued)
Poway
Unified
School
District,
San
Diego
County,
California,
General
Obligation
Bonds,
School
Facilities
Improvement
District
2007-1,
Election
2008
Series
2009A
:
$
8,000
0.000%,
8/01/32
No
Opt.
Call
$
5,557,076
8,000
0.000%,
8/01/33
No
Opt.
Call
5,305,357
3,940
Rancho
Mirage
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Combined
Whitewater
and
1984
Project
Areas,
Series
2003A,
0.000%,
4/01/35
-
NPFG
Insured
No
Opt.
Call
2,294,413
2,755
Sacramento
City
Unified
School
District,
Sacramento
County,
California,
General
Obligation
Bonds,
Series
2007,
0.000%,
7/01/25
-
AGM
Insured
No
Opt.
Call
2,577,979
3,510
San
Diego
Association
of
Governments,
California,
South
Bay
Expressway
Toll
Revenue
Bonds,
First
Senior
Lien
Series
2017A,
5.000%,
7/01/42
7/27
at
100.00
3,562,830
2,110
Sierra
Sands
Unified
School
District,
Kern
County,
California,
General
Obligation
Bonds,
Election
of
2006,
Series
2006A,
0.000%,
11/01/28
-
FGIC
Insured
No
Opt.
Call
1,703,162
6,025
Simi
Valley
Unified
School
District,
Ventura
County,
California,
General
Obligation
Bonds,
Election
of
2004
Series
2007C,
0.000%,
8/01/30
No
Opt.
Call
4,511,471
1,150
Woodside
Elementary
School
District,
San
Mateo
County,
California,
General
Obligation
Bonds,
Election
of
2005,
Series
2007,
0.000%,
10/01/30
-
AMBAC
Insured
No
Opt.
Call
861,340
Total
California
107,747,884
Colorado
-
8.5%
4,150
Arkansas
River
Power
Authority,
Colorado,
Power
Supply
System
Revenue
Bonds,
Refunding
Series
2018A,
5.000%,
10/01/43
10/28
at
100.00
3,900,104
150
Colorado
Health
Facilities
Authority,
Colorado,
Revenue
Bonds,
CommonSpirit
Health,
Series
2019A-1,
4.000%,
8/01/44
8/29
at
100.00
125,270
Colorado
Health
Facilities
Authority,
Colorado,
Revenue
Bonds,
CommonSpirit
Health,
Series
2019A-2
:
1,600
5.000%,
8/01/44
8/29
at
100.00
1,557,817
540
4.000%,
8/01/49
8/29
at
100.00
435,596
5,000
Colorado
School
of
Mines
Board
of
Trustees,
Golden,
Colorado,
Institutional
Enterprise
Revenue
Bonds,
Series
2017B,
5.000%,
12/01/47
12/27
at
100.00
5,073,655
2,475
Colorado
State,
Certificates
of
Participation,
Rural
Series
2020A,
4.000%,
12/15/37
12/30
at
100.00
2,351,760
1,500
Denver
City
and
County,
Colorado,
Airport
System
Revenue
Bonds,
Series
2022A,
5.000%,
11/15/47,
(AMT)
11/32
at
100.00
1,495,410
2,275
Denver
City
and
County,
Colorado,
Airport
System
Revenue
Bonds,
Series
2022D,
5.750%,
11/15/45,
(AMT)
11/32
at
100.00
2,428,354
5,805
Denver
City
and
County,
Colorado,
Airport
System
Revenue
Bonds,
Subordinate
Lien
Series
2013B,
5.000%,
11/15/43
11/23
at
100.00
5,760,867
4,400
Denver
City
and
County,
Colorado,
Airport
System
Revenue
Bonds,
Subordinate
Lien
Series
2018B,
5.000%,
12/01/43
12/28
at
100.00
4,437,478
E-470
Public
Highway
Authority,
Colorado,
Senior
Revenue
Bonds,
Series
2000B
:
5,140
0.000%,
9/01/24
-
NPFG
Insured
No
Opt.
Call
4,941,649
8,350
0.000%,
9/01/29
-
NPFG
Insured
No
Opt.
Call
6,484,654
1,295
0.000%,
9/01/32
-
NPFG
Insured
No
Opt.
Call
872,539
4,475
0.000%,
9/01/33
-
NPFG
Insured
No
Opt.
Call
2,869,703
12,500
E-470
Public
Highway
Authority,
Colorado,
Senior
Revenue
Bonds,
Series
2006A,
0.000%,
9/01/38
-
NPFG
Insured
9/26
at
54.77
5,888,416
Nuveen
Select
Tax-Free
Income
Portfolio
(continued)
Portfolio
of
Investments
September
30,
2023
(Unaudited)
44
NXP
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Colorado
-
8.5%
(continued)
Park
Creek
Metropolitan
District,
Colorado,
Senior
Limited
Property
Tax
Supported
Revenue
Bonds,
Refunding
Series
2015A
:
$
1,000
5.000%,
12/01/33
12/25
at
100.00
$
1,010,135
620
5.000%,
12/01/35
12/25
at
100.00
622,608
5,000
Windy
Gap
Firming
Project
Water
Activity
Enterprise,
Colorado,
Senior
Revenue
Bonds,
Series
2021,
5.000%,
7/15/51
7/31
at
100.00
5,092,385
Total
Colorado
55,348,400
Connecticut
-
4.5%
2,000
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Avon
Old
Farms
School,
Series
2021D-1,
2.625%,
7/01/51
7/31
at
100.00
1,164,350
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Trinity
College,
Series
2021S
:
2,000
4.000%,
6/01/46
12/31
at
100.00
1,728,807
1,175
4.000%,
6/01/51
12/31
at
100.00
985,902
5,100
Connecticut
State,
General
Obligation
Bonds,
Green
Series
2014G,
5.000%,
11/15/31
11/24
at
100.00
5,141,563
3,500
Connecticut
State,
General
Obligation
Bonds,
Series
2018C,
5.000%,
6/15/26
No
Opt.
Call
3,620,667
Connecticut
State,
Special
Tax
Obligation
Bonds,
Transportation
Infrastructure
Purposes
Series
2013A
:
3,475
5.000%,
10/01/30
10/23
at
100.00
3,476,722
2,490
5.000%,
10/01/33
10/23
at
100.00
2,491,106
1,625
Connecticut
State,
Special
Tax
Obligation
Bonds,
Transportation
Infrastructure
Purposes,
Series
2014A,
5.000%,
9/01/34
9/24
at
100.00
1,635,247
5,390
Connecticut
State,
Special
Tax
Obligation
Bonds,
Transportation
Infrastructure
Purposes,
Series
2021A,
4.000%,
5/01/40
5/31
at
100.00
5,024,113
3,000
(c)
Hartford
County
Metropolitan
District,
Connecticut,
Clean
Water
Project
Revenue
Bonds,
Refunding
Green
Bond
Series
2014A,
5.000%,
11/01/42,
(Pre-refunded
11/01/24)
11/24
at
100.00
3,037,211
750
University
of
Connecticut,
General
Obligation
Bonds,
Series
2015A,
5.000%,
3/15/31
3/26
at
100.00
768,192
Total
Connecticut
29,073,880
District
of
Columbia
-
1.9%
2,710
Metropolitan
Washington
Airports
Authority,
District
of
Columbia,
Dulles
Toll
Road
Revenue
Bonds,
Dulles
Metrorail
&
Capital
improvement
Projects,
Refunding
&
Subordinate
Lien
Series
2019B,
4.000%,
10/01/44
10/29
at
100.00
2,362,179
1,500
(c)
Metropolitan
Washington
Airports
Authority,
District
of
Columbia,
Dulles
Toll
Road
Revenue
Bonds,
Dulles
Metrorail
&
Capital
improvement
Projects,
Second
Senior
Lien
Series
2009C,
6.500%,
10/01/41,
(Pre-
refunded
10/01/26)
-
AGC
Insured
10/26
at
100.00
1,620,947
2,000
Metropolitan
Washington
Airports
Authority,
District
of
Columbia,
Dulles
Toll
Road
Revenue
Bonds,
Dulles
Metrorail
Capital
Appreciation,
Second
Senior
Lien
Series
2010B,
6.500%,
10/01/44
10/28
at
100.00
2,177,725
5,000
Metropolitan
Washington
D.C.
Airports
Authority,
Airport
System
Revenue
Bonds,
Refunding
Series
2023A,
5.250%,
10/01/53,
(AMT)
10/32
at
100.00
5,083,670
1,070
Washington
Metropolitan
Area
Transit
Authority,
District
of
Columbia,
Dedicated
Revenue
Bonds,
Green
Series
2021A,
4.000%,
7/15/46
7/31
at
100.00
938,934
Total
District
of
Columbia
12,183,455
45
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Florida
-
4.2%
$
3,690
Florida
Development
Finance
Corporation,
Florida,
Surface
Transportation
Facility
Revenue
Bonds,
Virgin
Trains
USA
Passenger
Rail
Project,
Series
2019A,
6.250%,
1/01/49,
(AMT),
(Mandatory
Put
1/01/24),
144A
10/23
at
101.00
$
3,678,136
7,000
Florida
Development
Finance
Corporation,
Revenue
Bonds,
Brightline
Passenger
Rail
Expansion
Project,
Series
2022A,
7.250%,
7/01/57,
(AMT),
(Mandatory
Put
10/03/23),
144A
10/23
at
100.00
7,280,000
7,000
Florida
Development
Finance
Corporation,
Revenue
Bonds,
Brightline
Passenger
Rail
Expansion
Project,
Series
2023C,
8.000%,
7/01/57,
(AMT),
(Mandatory
Put
4/01/24),
144A
11/23
at
100.00
6,930,110
Greater
Orlando
Aviation
Authority,
Florida,
Orlando
Airport
Facilities
Revenue
Bonds,
Priority
Subordinated
Series
2017A
:
2,000
5.000%,
10/01/42,
(AMT)
10/27
at
100.00
1,996,705
1,545
5.000%,
10/01/47,
(AMT)
10/27
at
100.00
1,540,366
1,500
Lakeland,
Florida,
Hospital
System
Revenue
Bonds,
Lakeland
Regional
Health,
Series
2015,
5.000%,
11/15/45
11/24
at
100.00
1,386,980
2,000
Miami-Dade
County,
Florida,
General
Obligation
Bonds,
Build
Better
Communities
Program,
Series
2013A,
5.000%,
7/01/30
7/25
at
100.00
2,041,066
Tampa,
Florida,
Hospital
Revenue
Bonds,
H.
Lee
Moffitt
Cancer
Center
Project,
Series
2020B
:
2,395
4.000%,
7/01/45
7/30
at
100.00
2,001,613
470
5.000%,
7/01/50
7/30
at
100.00
433,088
Total
Florida
27,288,064
Georgia
-
1.1%
3,665
Brookhaven
Development
Authority,
Georgia,
Revenue
Bonds,
Children's
Healthcare
of
Atlanta,
Inc.
Project,
Series
2019A,
4.000%,
7/01/49
7/29
at
100.00
3,183,041
3,775
Main
Street
Natural
Gas
Inc.,
Georgia,
Gas
Supply
Revenue
Bonds,
Series
2023D,
5.000%,
12/01/54,
(Mandatory
Put
12/01/30)
9/30
at
100.08
3,741,960
Total
Georgia
6,925,001
Guam
-
1.8%
7,250
Government
of
Guam,
Business
Privilege
Tax
Bonds,
Refunding
Series
2015D,
5.000%,
11/15/39
11/25
at
100.00
6,734,157
1,740
Guam
Government
Waterworks
Authority,
Water
and
Wastewater
System
Revenue
Bonds,
Series
2013,
5.250%,
7/01/25
10/23
at
100.00
1,740,550
1,460
Guam
Government
Waterworks
Authority,
Water
and
Wastewater
System
Revenue
Bonds,
Series
2016,
5.000%,
1/01/46
7/26
at
100.00
1,381,409
1,875
Guam
Power
Authority,
Revenue
Bonds,
Refunding
Series
2022A,
5.000%,
10/01/41
10/32
at
100.00
1,830,974
Total
Guam
11,687,090
Hawaii
-
1.1%
6,895
Hawaii
State,
Airport
System
Revenue
Bonds,
Series
2015A,
5.000%,
7/01/41,
(AMT)
7/25
at
100.00
6,884,411
Total
Hawaii
6,884,411
Idaho
-
2.7%
5,000
Boise
City
Water
Renewal
System,
Idaho,
Revenue
Bonds,
Refunding
Series
2022,
5.000%,
9/01/47
9/32
at
100.00
5,122,671
1,600
Boise
State
University,
Idaho,
General
Revenue
Bonds,
Series
2023A,
5.000%,
4/01/48
4/33
at
100.00
1,623,825
10,000
Idaho
Health
Facilities
Authority,
Revenue
Bonds,
Saint
Luke's
Health
System
Project,
Series
2014A,
5.000%,
3/01/44
3/24
at
100.00
9,306,268
Nuveen
Select
Tax-Free
Income
Portfolio
(continued)
Portfolio
of
Investments
September
30,
2023
(Unaudited)
46
NXP
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Idaho
-
2.7%
(continued)
$
1,220
Idaho
Housing
&
Finance
Association,
Idaho,
Sales
Tax
Revenue
Bonds,
Transportation
Expansion
&
Congestion
Mitigation
Fund,
Series
2023A,
5.250%,
8/15/48
8/33
at
100.00
$
1,286,933
Total
Idaho
17,339,697
Illinois
-
9.1%
2,050
Chicago
Board
of
Education,
Illinois,
Dedicated
Capital
Improvement
Tax
Revenue
Bonds,
Series
2016,
6.000%,
4/01/46
4/27
at
100.00
2,109,317
1,790
Chicago
Board
of
Education,
Illinois,
General
Obligation
Bonds,
Dedicated
Revenues,
Refunding
Series
2017C,
5.000%,
12/01/30
12/27
at
100.00
1,800,753
725
Chicago
Board
of
Education,
Illinois,
General
Obligation
Bonds,
Dedicated
Revenues,
Series
2016B,
6.500%,
12/01/46
12/26
at
100.00
743,715
3,900
Chicago
Board
of
Education,
Illinois,
General
Obligation
Bonds,
Series
1999A,
0.000%,
12/01/28
-
FGIC
Insured
No
Opt.
Call
3,049,155
55
Chicago
Board
of
Education,
Illinois,
Unlimited
Tax
General
Obligation
Bonds,
Dedicated
Tax
Revenues,
Series
1998B-1,
0.000%,
12/01/28
-
FGIC
Insured
No
Opt.
Call
43,001
880
Chicago,
Illinois,
General
Obligation
Bonds,
Project
&
Refunding
Series
2017A,
6.000%,
1/01/38
1/27
at
100.00
914,072
5,000
Chicago,
Illinois,
Wastewater
Transmission
Revenue
Bonds,
Second
Lien
Project,
Series
2023A,
5.250%,
1/01/53
-
AGM
Insured
7/33
at
100.00
5,127,484
1,190
Chicago,
Illinois,
Water
Revenue
Bonds,
Second
Lien
Series
2023A,
5.250%,
11/01/53
-
AGM
Insured
5/33
at
100.00
1,219,977
6,200
Illinois
State,
General
Obligation
Bonds,
Refunding
September
Series
2018B,
5.000%,
10/01/23
No
Opt.
Call
6,200,000
2,500
Illinois
Toll
Highway
Authority,
Toll
Highway
Revenue
Bonds,
Senior
Lien
Series
2021A,
4.000%,
1/01/46
1/32
at
100.00
2,217,373
1,000
Kendall,
Kane,
and
Will
Counties
Community
Unit
School
District
308
Oswego,  Illinois,
General
Obligation
Bonds,
Series
2008,
0.000%,
2/01/24
-
AGM
Insured
No
Opt.
Call
985,681
Metropolitan
Pier
and
Exposition
Authority,
Illinois,
Revenue
Bonds,
McCormick
Place
Expansion
Project,
Series
2002A
:
1,720
0.000%,
12/15/29
-
NPFG
Insured
No
Opt.
Call
1,299,393
765
0.000%,
6/15/30
9/23
at
67.44
564,947
45
(c)
0.000%,
6/15/30,
(ETM)
No
Opt.
Call
34,635
2,500
0.000%,
12/15/30
-
NPFG
Insured
No
Opt.
Call
1,804,762
17,195
0.000%,
12/15/31
-
NPFG
Insured
No
Opt.
Call
11,861,919
1,350
0.000%,
6/15/35
-
NPFG
Insured
No
Opt.
Call
781,069
15,000
0.000%,
12/15/36
-
NPFG
Insured
No
Opt.
Call
7,939,710
2,000
0.000%,
6/15/37
-
NPFG
Insured
No
Opt.
Call
1,023,952
9,370
0.000%,
6/15/39
-
NPFG
Insured
No
Opt.
Call
4,224,331
5,000
Springfield,
Illinois,
Electric
Revenue
Bonds,
Refunding
Senior
Lien
Series
2015,
5.000%,
3/01/28
3/25
at
100.00
5,034,847
Total
Illinois
58,980,093
Indiana
-
1.3%
1,600
Indiana
Bond
Bank,
Special
Program
Bonds,
Carmel
Junior
Waterworks
Project,
Series
2008B,
0.000%,
6/01/30
-
AGM
Insured
No
Opt.
Call
1,199,987
2,040
Indiana
Finance
Authority,
Hospital
Revenue
Bonds,
Indiana
Unversity
Health
Obligation
Group,
Refunding
2015A,
5.000%,
12/01/40
6/25
at
100.00
2,051,127
5,060
Indiana
Finance
Authority,
Hospital
Revenue
Bonds,
Marion
General
Hospital
Project,
Series
2020A,
4.000%,
7/01/45
7/30
at
100.00
4,192,796
47
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Indiana
-
1.3%
(continued)
$
1,000
Zionsville
Community
Schools
Building
Corporation,
Boone
County,
Indiana,
First
Mortgage
Bonds,
Series
2005Z,
0.000%,
7/15/28
-
AGM
Insured
No
Opt.
Call
$
823,325
Total
Indiana
8,267,235
Iowa
-
0.2%
1,165
Iowa
Finance
Authority,
Iowa,
Midwestern
Disaster
Area
Revenue
Bonds,
Iowa
Fertilizer
Company
Project,
Refunding
Series
2022,
5.000%,
12/01/50,
(Mandatory
Put
12/01/42)
12/29
at
103.00
1,129,994
Total
Iowa
1,129,994
Kentucky
-
0.1%
805
Kentucky
Public
Transportation
Infrastructure
Authority,
Toll
Revenue
Bonds,
Downtown
Crossing
Project,
Convertible
Capital
Appreciation
First
Tier
Series
2013C,
6.750%,
7/01/43
7/31
at
100.00
893,825
Total
Kentucky
893,825
Louisiana
-
0.3%
1,870
Jefferson
Sales
Tax
District,
Jefferson
Parish,
Louisiana,
Special
Sales
Tax
Revenue
Bonds,
Series
2017B,
5.000%,
12/01/42
-
AGM
Insured
12/27
at
100.00
1,882,565
Total
Louisiana
1,882,565
Massachusetts
-
3.9%
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Boston
University,
Series
2016BB-1
:
10,000
4.000%,
10/01/46
10/26
at
100.00
8,780,682
2,230
5.000%,
10/01/46
10/26
at
100.00
2,255,061
3,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
CareGroup
Issue,
Series
2018J-2,
5.000%,
7/01/43
7/28
at
100.00
3,008,402
6,500
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Dana-
Farber
Cancer
Institute
Issue,
Series
2016N,
5.000%,
12/01/46
12/26
at
100.00
6,435,644
600
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
UMass
Memorial
Health
Care
Obligated
Group
Issue,
Series
2017L,
3.625%,
7/01/37
7/27
at
100.00
485,744
2,415
Massachusetts
State,
Transportation
Fund
Revenue
Bonds,
Rail
Enhancement
&
Accelerated
Bridge
Programs,
Series
2017A,
5.000%,
6/01/47
6/27
at
100.00
2,446,928
1,000
Newburyport,
Massachusetts,
General
Obligation
Bonds,
Municipal
Purpose
Loan,
Refunding
Series
2013,
4.000%,
1/15/30
10/23
at
100.00
1,000,120
University
of
Massachusetts
Building
Authority,
Project
Revenue
Bonds,
Senior
Series
2014-1
:
480
5.000%,
11/01/39
11/24
at
100.00
481,582
255
(c)
5.000%,
11/01/39,
(Pre-refunded
11/01/24)
11/24
at
100.00
257,894
220
(c)
5.000%,
11/01/39,
(Pre-refunded
11/01/24)
11/24
at
100.00
222,496
210
(c)
5.000%,
11/01/39,
(Pre-refunded
11/01/24)
11/24
at
100.00
212,383
Total
Massachusetts
25,586,936
Michigan
-
0.8%
385
Michigan
State
Building
Authority,
Revenue
Bonds,
Facilities
Program,
Refunding
Series
2015-I,
5.000%,
4/15/38
10/25
at
100.00
389,863
4,000
Michigan
State
Building
Authority,
Revenue
Bonds,
Facilities
Program,
Refunding
Series
2016-I,
5.000%,
4/15/35
10/26
at
100.00
4,138,987
Nuveen
Select
Tax-Free
Income
Portfolio
(continued)
Portfolio
of
Investments
September
30,
2023
(Unaudited)
48
NXP
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Michigan
-
0.8%
(continued)
$
1,000
Wayne
County
Airport
Authority,
Michigan,
Revenue
Bonds,
Detroit
Metropolitan
Wayne
County
Airport,
Series
2023B,
5.500%,
12/01/48
-
AGM
Insured,
(AMT),
(WI/DD)
12/33
at
100.00
$
1,031,068
Total
Michigan
5,559,918
Missouri
-
2.7%
5,000
Jackson
County,
Missouri,
Special
Obligation
Bonds,
Series
2023A,
5.250%,
12/01/47
12/33
at
100.00
5,178,265
7,000
Kansas
City
Industrial
Development
Authority,
Missouri,
Airport
Special
Obligation
Bonds,
Kansas
City
International
Airport
Terminal
Modernization
Project,
Series
2019B,
5.000%,
3/01/54,
(AMT)
3/29
at
100.00
6,842,906
5,000
Kansas
City
Municipal
Assistance
Corporation,
Missouri,
Leasehold
Revenue
Bonds,
Improvement
Series
2004B-1,
0.000%,
4/15/30
-
AMBAC
Insured
No
Opt.
Call
3,797,425
2,000
Missouri
Health
and
Educational
Facilities
Authority,
Health
Facilities
Revenue
Bonds,
CoxHealth,
Series
2013A,
5.000%,
11/15/38
11/23
at
100.00
1,961,965
Total
Missouri
17,780,561
Nebraska
-
1.4%
3,550
Central
Plains
Energy
Project,
Nebraska,
Gas
Project
4
Revenue
Bonds,
Refunding
Series
2023A-1,
5.000%,
5/01/54,
(Mandatory
Put
11/01/29)
8/29
at
100.13
3,593,158
Douglas
County
Hospital
Authority
3,
Nebraska,
Health
Facilities
Revenue
Bonds,
Nebraska
Methodist
Health
System,
Refunding
Series
2015
:
545
4.125%,
11/01/36
11/25
at
100.00
516,058
2,700
5.000%,
11/01/45
11/25
at
100.00
2,671,342
Madison
County
Hospital
Authority
1,
Nebraska,
Hospital
Revenue
Bonds,
Faith
Regional
Health
Services
Project,
Series
2018
:
250
5.000%,
7/01/26
7/25
at
100.00
251,678
305
5.000%,
7/01/27
7/25
at
100.00
307,658
500
(c)
Platte
County
School
District
001,
Columbus
Public
Schools,
Nebraska,
General
Obligation
Bonds,
School
Building
Series
2014,
5.000%,
12/15/39,
(Pre-refunded
6/15/24)
6/24
at
100.00
503,480
1,000
University
of
Nebraska
Facilities
Corporation,
Nebraska,
Facilities
Program
Bonds,
Green
Series
2021B,
5.000%,
7/15/51
7/31
at
100.00
1,021,091
Total
Nebraska
8,864,465
Nevada
-
0.7%
1,710
Carson
City,
Nevada,
Hospital
Revenue
Bonds,
Carson
Tahoe
Regional
Healthcare
Project,
Series
2017A,
5.000%,
9/01/37
9/27
at
100.00
1,678,758
3,000
Las
Vegas
Valley
Water
District,
Nevada,
General
Obligation
Bonds,
Refunding
Series
2015,
5.000%,
6/01/34
12/24
at
100.00
3,030,356
Total
Nevada
4,709,114
New
Hampshire
-
0.3%
2,250
New
Hampshire
Business
Finance
Authority,
Solid
Waste
Disposal
Revenue
Bonds,
Waste
Management
Inc.
Project,
Series
2003,
3.125%,
8/01/24,
(AMT)
No
Opt.
Call
2,220,032
Total
New
Hampshire
2,220,032
New
Jersey
-
5.3%
3,495
Delaware
River
Port
Authority,
New
Jersey
and
Pennsylvania,
Revenue
Bonds,  Series
2013,
5.000%,
1/01/37
1/24
at
100.00
3,499,391
940
New
Jersey
Economic
Development
Authority,
Private
Activity
Bonds,
The
Goethals
Bridge
Replacement
Project,
Series
2013,
5.125%,
1/01/39
-
AGM
Insured,
(AMT)
1/24
at
100.00
941,044
49
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
New
Jersey
-
5.3%
(continued)
$
2,000
(c)
New
Jersey
Economic
Development
Authority,
School
Facilities
Construction
Bonds,
Refunding
Series
2016BBB,
5.500%,
6/15/31,
(Pre-
refunded
12/15/26)
12/26
at
100.00
$
2,116,065
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
University
Hospital
Issue,
Refunding
Series
2015A
:
305
5.000%,
7/01/28
-
AGM
Insured
7/25
at
100.00
308,285
260
5.000%,
7/01/29
-
AGM
Insured
7/25
at
100.00
262,760
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Refunding
Series
2006C
:
4,900
0.000%,
12/15/28
-
AMBAC
Insured
No
Opt.
Call
3,944,284
35,000
0.000%,
12/15/34
-
AGM
Insured
No
Opt.
Call
21,181,083
2,000
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2015AA,
5.250%,
6/15/29
6/25
at
100.00
2,032,132
Total
New
Jersey
34,285,044
New
Mexico
-
0.8%
1,000
Farmington
Municipal
School
District
5,
San
Juan
County,
New
Mexico,
General
Obligation
Bonds,
School
Building
Series
2015,
5.000%,
9/01/28
9/25
at
100.00
1,018,462
3,000
New
Mexico
Mortgage
Finance
Authority,
Multifamily
Housing
Revenue
Bonds,
St
Anthony,
Series
2007A,
5.250%,
9/01/42,
(AMT)
10/23
at
100.00
3,005,100
1,035
University
of
New
Mexico,
Revenue
Bonds,
Refunding
&
Improvement
Subordinate
Lien
Series
2016A,
4.500%,
6/01/36
6/26
at
100.00
1,028,067
Total
New
Mexico
5,051,629
New
York
-
2.4%
2,000
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Green
Climate
Bond
Certified
Series
2019A-1,
5.000%,
11/15/48,
(Mandatory
Put
11/15/24)
No
Opt.
Call
2,007,062
1,260
New
York
City
Municipal
Water
Finance
Authority,
New
York,
Water
and
Sewer
System
Second
General
Resolution
Revenue
Bonds,
Fiscal
2015
Series
HH,
5.000%,
6/15/37
6/25
at
100.00
1,270,315
10,000
New
York
State
Urban
Development
Corporation,
State
Personal
Income
Tax
Revenue
Bonds,
General
Purpose,
Series
2020A,
4.000%,
3/15/45
9/30
at
100.00
8,857,714
2,500
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
Two
Hundred
Thirty-Four
Series
2022,
5.250%,
8/01/47,
(AMT)
8/32
at
100.00
2,559,829
1,000
TSASC
Inc.,
New
York,
Tobacco
Settlement
Asset-Backed
Bonds,
Fiscal
2017
Series
B,
5.000%,
6/01/24
No
Opt.
Call
1,003,419
Total
New
York
15,698,339
North
Carolina
-
0.1%
1,000
Charlotte,
North
Carolina,
Airport
Revenue
Bonds,
Charlotte
Douglas
International,
Series
2023B,
5.000%,
7/01/48,
(AMT)
7/33
at
100.00
992,511
Total
North
Carolina
992,511
Ohio
-
0.2%
1,005
Buckeye
Tobacco
Settlement
Financing
Authority,
Ohio,
Tobacco
Settlement
Asset-Backed
Revenue
Bonds,
Refunding
Senior
Lien
Series
2020B-2
Class
2,
5.000%,
6/01/55
6/30
at
100.00
866,984
250
Ohio
Air
Quality
Development
Authority,
Ohio,
Pollution
Control
Revenue
Bonds,
FirstEnergy
Generation
Corporation
Project,
Refunding
Series
2009D,
3.375%,
8/01/29,
(Mandatory
Put
9/15/21)
No
Opt.
Call
222,404
Nuveen
Select
Tax-Free
Income
Portfolio
(continued)
Portfolio
of
Investments
September
30,
2023
(Unaudited)
50
NXP
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Ohio
-
0.2%
(continued)
$
3,000
(e)
Ohio
Water
Development
Authority,
Pollution
Control
Revenue
Bonds,
FirstEnergy
Nuclear
Generating
Corporation
Project,
Refunding
Series
2005B,
4.000%,
1/01/34
No
Opt.
Call
$
300
Total
Ohio
1,089,688
Oklahoma
-
0.2%
1,230
Oklahoma
Development
Finance
Authority,
Health
System
Revenue
Bonds,
OU
Medicine
Project,
Series
2018B,
5.000%,
8/15/38
8/28
at
100.00
1,097,513
Total
Oklahoma
1,097,513
Oregon
-
3.1%
1,505
Beaverton
School
District
48J,
Washington
and
Multnomah
Counties,
Oregon,
General
Obligation
Bonds,
Convertible
Deferred
Interest
Series
2017D,
5.000%,
6/15/36
6/27
at
100.00
1,554,603
60
Clackamas
Community
College
District,
Oregon,
General
Obligation
Bonds,
Deferred
Interest
Series
2017A,
5.000%,
6/15/40
6/27
at
100.00
61,294
Clackamas
County
Hospital
Facility
Authority,
Oregon,
Senior
Living
Revenue
Bonds,
Willamette
View
Project,
Series
2017A
:
515
4.000%,
11/15/23
No
Opt.
Call
514,369
500
5.000%,
11/15/52
11/25
at
102.00
414,317
2,130
Medford
Hospital
Facilities
Authority,
Oregon,
Hospital
Revenue
Bonds,
Asante
Health
System,
Refunding
Series
2020A,
5.000%,
8/15/50
8/30
at
100.00
2,053,604
3,000
(c)
Oregon
Facilities
Authority,
Revenue
Bonds,
Reed
College,
Series
2017A,
4.000%,
7/01/41,
(Pre-refunded
7/01/27)
7/27
at
100.00
3,042,495
2,000
Oregon
Facilities
Authority,
Revenue
Bonds,
Willamette
University,
Refunding
Series
2016B,
5.000%,
10/01/40
10/26
at
100.00
1,937,156
5,000
Oregon
Health
and
Science
University,
Revenue
Bonds,
Green
Series
2021A,
4.000%,
7/01/44
1/32
at
100.00
4,520,397
2,500
Salem
Hospital
Facility
Authority,
Oregon,
Revenue
Bonds,
Salem
Health
Projects,
Refunding
Series
2016A,
5.000%,
5/15/46
5/26
at
100.00
2,452,379
750
Washington
and
Clackamas
Counties
School
District
23J
Tigard-Tualatin,
Oregon,
General
Obligation
Bonds,
Series
2017,
5.000%,
6/15/30
6/27
at
100.00
783,638
Yamhill
County,
Oregon,
Revenue
Bonds,
George
Fox
University
Project,
Refunding
Series
2021
:
1,500
4.000%,
12/01/36
12/31
at
100.00
1,379,535
1,875
4.000%,
12/01/41
12/31
at
100.00
1,603,262
Total
Oregon
20,317,049
Pennsylvania
-
0.9%
1,500
Beaver
County
Industrial
Development
Authority,
Pennsylvania,
Pollution
Control
Revenue
Refunding
Bonds,
FirstEnergy
Generation
Project,
Series
2008B,
3.750%,
10/01/47
4/31
at
100.00
1,032,357
5,000
Pennsylvania
Higher
Educational
Facilities
Authority,
Revenue
Bonds,
State
System
of
Higher
Education,
Series
2016AT-1,
5.000%,
6/15/31
6/26
at
100.00
5,109,975
Total
Pennsylvania
6,142,332
Puerto
Rico
-
2.6%
2,087
Puerto
Rico
Highway
and
Transportation
Authority,
Restructured
Toll
Revenue
Bonds,
Series
2022A,
5.000%,
7/01/62
7/32
at
100.00
1,998,406
56
Puerto
Rico
Highway
and
Transportation
Authority,
Restructured
Toll
Revenue
Bonds,
Series
2022B,
0.000%,
7/01/32
No
Opt.
Call
36,583
97
(d)
Puerto
Rico
Highway
and
Transportation
Authority,
Restructured
Toll
Revenue
Bonds,
Series
2022C,
0.000%,
7/01/53
1/33
at
100.00
60,158
51
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Puerto
Rico
-
2.6%
(continued)
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Restructured
2018A-1
:
$
21,600
0.000%,
7/01/46
7/28
at
41.38
$
5,595,225
2,550
4.750%,
7/01/53
7/28
at
100.00
2,260,732
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Taxable
Restructured
Cofina
Project
Series
2019A-2
:
4,000
4.329%,
7/01/40
7/28
at
100.00
3,592,654
3,624
4.784%,
7/01/58
7/28
at
100.00
3,172,246
555
Puerto
Rico,
General
Obligation
Bonds,
Clawback
Highway
Transportation
Authority
Claims
Taxable
Series
2022,
0.000%,
11/01/51
No
Opt.
Call
285,770
Total
Puerto
Rico
17,001,774
South
Carolina
-
0.2%
1,270
South
Carolina
Transportation
Infrastructure
Bank,
Revenue
Bonds,
Refunding
Series
2015A,
2.900%,
10/01/25
10/24
at
100.00
1,229,011
Total
South
Carolina
1,229,011
South
Dakota
-
0.1%
1,000
South
Dakota
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Sanford
Health,
Series
2015,
5.000%,
11/01/35
11/25
at
100.00
1,014,670
Total
South
Dakota
1,014,670
Tennessee
-
0.7%
5,000
Metropolitan
Nashville
Airport
Authority,
Tennessee,
Airport
Revenue
Bonds,
Subordinate
Series
2019B,
5.000%,
7/01/49,
(AMT)
7/30
at
100.00
4,908,528
Total
Tennessee
4,908,528
Texas
-
7.4%
4,675
(c)
Alamo
Regional
Mobility
Authority,
Texas,
Vehicle
Registration
Fee
Revenue
Bonds,
Senior
Lien
Series
2016,
5.000%,
6/15/46,
(Pre-refunded
6/15/25)
6/25
at
100.00
4,764,880
Central
Texas
Regional
Mobility
Authority,
Revenue
Bonds,
Senior
Lien,
Series
2015A
:
110
(c)
5.000%,
1/01/33,
(Pre-refunded
7/01/25)
7/25
at
100.00
111,994
85
(c)
5.000%,
1/01/34,
(Pre-refunded
7/01/25)
7/25
at
100.00
86,540
240
(c)
5.000%,
1/01/35,
(Pre-refunded
7/01/25)
7/25
at
100.00
244,350
1,160
Harris
County
Cultural
Education
Facilities
Finance
Corporation,
Texas,
Revenue
Bonds,
Houston
Methodist
Hospital
System,
Series
2015,
5.000%,
12/01/45
6/25
at
100.00
1,148,880
2,500
Harris
County
Flood
Control
District,
Texas,
Contract
Tax
Bonds,
Refunding
Series
2017A,
4.000%,
10/01/35
10/27
at
100.00
2,481,243
Harris
County-Houston
Sports
Authority,
Texas,
Revenue
Bonds,
Junior
Lien
Series
2001H
:
520
0.000%,
11/15/24
-
NPFG
Insured
No
Opt.
Call
492,699
110
(c)
0.000%,
11/15/24
-
NPFG
Insured,
(ETM)
No
Opt.
Call
104,689
2,935
0.000%,
11/15/30
-
NPFG
Insured
No
Opt.
Call
2,049,925
480
(c)
0.000%,
11/15/30
-
NPFG
Insured,
(ETM)
No
Opt.
Call
355,915
1,405
0.000%,
11/15/32
-
NPFG
Insured
11/31
at
94.05
866,230
2,510
0.000%,
11/15/36
-
NPFG
Insured
11/31
at
73.51
1,166,810
12,480
0.000%,
11/15/41
-
NPFG
Insured
11/31
at
53.78
4,097,677
Harris
County-Houston
Sports
Authority,
Texas,
Revenue
Bonds,
Third
Lien
Series
2004A-3
:
2,235
0.000%,
11/15/32
-
NPFG
Insured
11/24
at
62.71
1,319,056
4,230
0.000%,
11/15/35
-
NPFG
Insured
11/24
at
52.47
2,082,446
Nuveen
Select
Tax-Free
Income
Portfolio
(continued)
Portfolio
of
Investments
September
30,
2023
(Unaudited)
52
NXP
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Texas
-
7.4%
(continued)
Harris
County-Houston
Sports
Authority,
Texas,
Special
Revenue
Bonds,
Refunding
Senior
Lien
Series
2001A
:
$
3,045
0.000%,
11/15/34
-
NPFG
Insured
11/30
at
78.27
$
1,685,541
8,110
0.000%,
11/15/38
-
NPFG
Insured
11/30
at
61.17
3,382,753
575
Houston,
Texas,
Hotel
Occupancy
Tax
and
Special
Revenue
Bonds,
Convention
and
Entertainment
Project,
Series
2001B,
0.000%,
9/01/24
-
AMBAC
Insured
No
Opt.
Call
552,909
5,000
Irving
Independent
School
District,
Dallas
County,
Texas,
General
Obligation
Bonds,
School
Building
Series
2023,
5.000%,
2/15/43
8/32
at
100.00
5,224,093
430
Mission
Economic
Development
Corporation,
Texas,
Revenue
Bonds,
Natgasoline
Project,
Senior
Lien
Series
2018,
4.625%,
10/01/31,
(AMT),
144A
10/23
at
103.00
412,364
10,480
New
Caney
Independent
School
District,
Montgomery
County,
Texas,
General
Obligation
Bonds,
Refunding
School
Building
Series
2023,
5.000%,
2/15/53
8/33
at
100.00
10,719,961
North
Texas
Tollway
Authority,
System
Revenue
Bonds,
Refunding
First
Tier
Capital
Appreciation
Series
2008I
:
290
(c)
6.200%,
1/01/42,
(Pre-refunded
1/01/25)
-
AGC
Insured
1/25
at
100.00
297,723
2,000
(c)
6.500%,
1/01/43,
(Pre-refunded
1/01/25)
1/25
at
100.00
2,059,242
200
Tarrant
County
Cultural
Education
Facilities
Finance
Corporation,
Texas,
Hospital
Revenue
Bonds,
Scott
&
White
Healthcare
Project,
Series
2016A,
4.000%,
11/15/42
5/26
at
100.00
173,040
2,410
Texas
Turnpike
Authority,
Central
Texas
Turnpike
System
Revenue
Bonds,
First
Tier
Series
2002A,
0.000%,
8/15/25
-
AMBAC
Insured
No
Opt.
Call
2,226,733
Total
Texas
48,107,693
Virgin
Islands
-
0.2%
1,645
Matching
Fund
Special
Purpose
Securitization
Corporation,
Virgin
Islands,
Revenue
Bonds,
Series
2022A,
5.000%,
10/01/39
10/32
at
100.00
1,588,089
Total
Virgin
Islands
1,588,089
Washington
-
5.8%
5,985
Port
of
Seattle,
Washington,
Revenue
Bonds,
Intermediate
Lien
Series
2019,
5.000%,
4/01/44,
(AMT)
4/29
at
100.00
5,952,927
3,485
Port
of
Seattle,
Washington,
Revenue
Bonds,
Refunding
Intermediate
Lien
Private
Activity
Series
2022B,
5.000%,
8/01/47,
(AMT)
8/32
at
100.00
3,423,826
860
Snohomish
County
School
District
306
Lakewood,
Washington,
General
Obligation
Bonds,
Series
2014,
5.000%,
12/01/28
6/24
at
100.00
865,883
4,000
Washington
Health
Care
Facilities
Authority,
Revenue
Bonds,
Providence
Health
&
Services,
Refunding
Series
2012A,
5.000%,
10/01/32
10/23
at
100.00
4,000,138
5,000
Washington
Health
Care
Facilities
Authority,
Revenue
Bonds,
Providence
Health
&
Services,
Series
2014D,
5.000%,
10/01/38
10/24
at
100.00
4,895,276
8,390
Washington
State
Convention
Center
Public
Facilities
District,
Lodging
Tax
Revenue
Bonds,
Refunding
Series2021B.
Exchange
Purchase,
4.000%,
7/01/58
7/31
at
100.00
6,636,387
5,710
Washington
State,
General
Obligation
Bonds,
Various
Purpose
Series
2015B,
5.000%,
2/01/37
2/25
at
100.00
5,759,776
2,060
Washington
State,
General
Obligation
Bonds,
Various
Purpose
Series
2016A-1,
5.000%,
8/01/39
8/25
at
100.00
2,078,282
2,535
Washington
State,
General
Obligation
Bonds,
Various
Purpose
Series
2017A,
5.000%,
8/01/38
8/26
at
100.00
2,588,027
53
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Washington
-
5.8%
(continued)
$
2,115
Washington
State,
Motor
Vehicle
Fuel
Tax
General
Obligation
Bonds,
Series
2003F,
0.000%,
12/01/27
-
NPFG
Insured
No
Opt.
Call
$
1,789,186
Total
Washington
37,989,708
Wisconsin
-
1.1%
3,290
Wisconsin
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Mercy
Alliance,
Inc.,
Series
2012,
5.000%,
6/01/39
10/23
at
100.00
3,088,664
3,855
Wisconsin
Health
and
Educational
Facilities
Authority,
Wisconsin,
Revenue
Bonds,
Medical
College
of
Wisconsin,
Inc.,
Series
2016,
5.000%,
12/01/41
11/26
at
100.00
3,891,323
Total
Wisconsin
6,979,987
Total
Municipal
Bonds
(cost
$634,743,194)
636,600,235
Shares
Description
(a)
Value
X
COMMON
STOCKS
-
1
.2
%
X
7,717,727
Utilities
-
1.2%
96,774
(e),(f),(g)
Energy
Harbor
Corp
$
7,717,727
Total
Utilities
7,717,727
Total
Common
Stocks
(cost
$2,699,742)
7,717,727
Total
Long-Term
Investments
(cost
$637,442,936)
644,317,962
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
SHORT-TERM
INVESTMENTS
-
0.4% 
MUNICIPAL
BONDS
-
0
.4
%
X
2,660,000
Arizona
-
0.3%
$
1,855
(h)
Arizona
Health
Facilities
Authority,
Hospital
Revenue
Bonds,
Banner
Health
Systems,
Varibale
Rate
Demand
Obligations,
Series
2015C,
4.600%,
1/01/46,
(Mandatory
Put
9/29/2023)
9/23
at
100.00
$
1,855,000
Total
Arizona
1,855,000
Colorado
-
0.1%
805
(h)
Colorado
Health
Facilities
Authority,
Colorado,
Revenue
Bonds,
Children's
Hospital
Colorado
Project,
Refunding
Series
2020A,
4.600%,
12/01/52,
(Mandatory
Put
9/29/2023)
9/23
at
100.00
805,000
Total
Colorado
805,000
Total
Municipal
Bonds
(cost
$2,660,000)
2,660,000
Total
Short-Term
Investments
(cost
$2,660,000)
2,660,000
Total
Investments
(cost
$
640,102,936
)
-
99
.4
%
646,977,962
Borrowings
-
(0.6)%
(i)
(
3,860,765
)
Other
Assets
&
Liabilities,
Net
-   1.2%
7,666,645
Net
Assets
Applicable
to
Common
Shares
-
100%
$
650,783,842
(a)
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets
applicable
to
common
shares
unless
otherwise
noted.
(b)
Optional
Call
Provisions:
Dates
(month
and
year)
and
prices
of
the
earliest
optional
call
or
redemption.
There
may
be
other
call
provisions
at
varying
prices
at
later
dates.
Certain
mortgage-backed
securities
may
be
subject
to
periodic
principal
paydowns.
(c)
Backed
by
an
escrow
or
trust
containing
sufficient
U.S.
Government
or
U.S.
Government
agency
securities,
which
ensure
the
timely
payment
of
principal
and
interest.
(d)
Step-up
coupon
bond,
a
bond
with
a
coupon
that
increases
("steps
up"),
usually
at
regular
intervals,
while
the
bond
is
outstanding.
The
rate
shown
is
the
coupon
as
of
the
end
of
the
reporting
period.
(e)
Defaulted
security.
A
security
whose
issuer
has
failed
to
fully
pay
principal
and/or
interest
when
due,
or
is
under
the
protection
of
bankruptcy.
Nuveen
Select
Tax-Free
Income
Portfolio
(continued)
Portfolio
of
Investments
September
30,
2023
(Unaudited)
54
NXP
(f)
Energy
Harbor
Corp
(ENGH)
common
stock
received
as
part
of
the
bankruptcy
settlement
during
February
2020
for
Ohio
Water
Development
Authority,
Pollution
Control
Revenue
Refunding
Bonds,FirstEnergy
Nuclear
Generating
Corporation
Project,
Series
2005B,
0.000%,
1/01/34.
Various
funds
and
accounts
managed
by
Nuveen,
including
the
Fund,
collectively
are
a
substantial
minority
holder
of
ENGH’s
outstanding
shares
of
common
stock,
and
possess
certain
other
rights
with
respect
to
the
corporate
governance
of
ENGH.
Due
to
these
facts,
under
the
federal
securities
laws,
the
securities
of
ENGH
held
by
Nuveen
funds
and
accounts,
including
the
Fund,
cannot
be
sold
except
under
limited
conditions
(which
are
not  currently
satisfied).
The
Fund
is
therefore
unable
to
sell
such
shares
in
ordinary
secondary
market
transactions
at
this
time.
On
March
6,
2023
Vistra
Corp.
(“Vistra”)
announced
that
it
has
executed
a
definitive
agreement
with
Energy
Harbor
Corp.,
pursuant
to
which
Energy
Harbor
will
merge
with
and
into
a
newly-formed
subsidiary
of
Vistra.  The
companies
anticipate
closing
the
transaction
in
the
fourth
quarter
of
2023.  In
connection
with
the
transaction,
Nuveen
funds
and
accounts
expect
to
receive
a
combination
of
cash
and
shares
in
a
newly
formed
entity.
Nuveen
expects
these
shares
to
be
issued
in
a
private
transaction
and
may
have
reduced
secondary
market
liquidity.  The
transaction
is
subject
to
certain
regulatory
approvals
and
there
can
be
no
assurance
that
the
transaction
will
close.
(g)
Non-income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
(h)
Investment
has
a
maturity
of
greater
than
one
year,
but
has
variable
rate
and/or
demand
features
which
qualify
it
as
a
short-term
investment.
The
rate
disclosed,
as
well
as
the
reference
rate
and
spread,
where
applicable,
is
that
in
effect
as
of
the
end
of
the
reporting
period.
This
rate
changes
periodically
based
on
market
conditions
or
a
specified
market
index.
(i)
Borrowings
as
a
percentage
of
Total
Investments
is
0.6%.
144A
Investment
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
investments
may
only
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
AMT
Alternative
Minimum
Tax
ETM
Escrowed
to
maturity
WI/DD
When-issued
or
delayed
delivery
security.
See
Notes
to
Financial
Statements
Statement
of
Assets
and
Liabilities
September
30,
2023
(Unaudited)
See
Notes
to
Financial
Statements
55
September
30,
2023
(Unaudited)
NIM
NXP
ASSETS
Long-term
investments,
at
value
$
116,102,615‌
$
644,317,962‌
Short-term
investments,
at
value
1,500,000‌
2,660,000‌
Cash
1,418,818‌
35‌
Receivables:
Interest
1,322,808‌
6,424,637‌
Investments
sold
210,080‌
11,387,480‌
Deferred
offering
costs
–‌
228,866‌
Other
3,130‌
239,019‌
Total
assets
120,557,451‌
665,257,999‌
LIABILITIES
Borrowings
–‌
3,860,765‌
Payables:
Dividends
316,898‌
2,177,875‌
Interest
26‌
1,057‌
Investments
purchased
-
regular
settlement
971,638‌
6,930,000‌
Investments
purchased
-
when-issued/delayed-delivery
settlement
–‌
1,035,290‌
Accrued
expenses:
Custodian
fees
27,003‌
40,239‌
Investor
relations
2,055‌
7,670‌
Management
fees
45,713‌
103,209‌
Trustees
fees
2,540‌
232,046‌
Professional
fees
18,290‌
26,508‌
Shareholder
reporting
expenses
3,353‌
19,865‌
Shareholder
servicing
agent
fees
324‌
3,240‌
Other
1,216‌
36,393‌
Total
liabilities
1,389,056‌
14,474,157‌
Net
assets
applicable
to
common
shares
$
119,168,395‌
$
650,783,842‌
Common
shares
outstanding
12,446,597‌
47,209,349‌
Net
asset
value
("NAV")
per
common
share
outstanding
$
9.57‌
$
13.79‌
NET
ASSETS
APPLICABLE
TO
COMMON
SHARES
CONSIST
OF:
Common
shares,
$0.01
par
value
per
share
$
124,466‌
$
472,093‌
Paid-in
capital
123,856,804‌
660,927,054‌
Total
distributable
earnings
(loss)
(4,812,875‌)
(10,615,305‌)
Net
assets
applicable
to
common
shares
$
119,168,395‌
$
650,783,842‌
Authorized
shares:
Common
Unlimited
Unlimited
Long-term
investments,
cost
$
120,068,283‌
$
637,442,936‌
Short-term
investments,
cost
$
1,500,000‌
$
2,660,000‌
Statement
of
Operations
September
30,
2023
(Unaudited)
See
Notes
to
Financial
Statements
56
Six
Months
Ended
September
30,
2023
(Unaudited)
NIM
NXP
INVESTMENT
INCOME
Interest
$
2,255,234‌
$
14,822,556‌
Total
investment
income
2,255,234‌
14,822,556‌
EXPENSES
Management
fees
282,918‌
635,509‌
Shareholder
servicing
agent
fees
1,092‌
9,757‌
Interest
expense
162‌
3,446‌
Trustees
fees
2,392‌
13,128‌
Custodian
expenses
30,360‌
19,847‌
Investor
relations
expenses
3,057‌
16,324‌
Professional
fees
22,220‌
38,632‌
Shareholder
reporting
expenses
7,406‌
28,278‌
Stock
exchange
listing
fees
3,728‌
66‌
Other
3,575‌
13,721‌
Total
expenses
356,910‌
778,708‌
Net
investment
income
(loss)
1,898,324‌
14,043,848‌
REALIZED
AND
UNREALIZED
GAIN
(LOSS)
Realized
gain
(loss)
from:
Investments
(
293,633‌
)
(
2,913,981‌
)
Net
realized
gain
(loss)
(
293,633‌
)
(
2,913,981‌
)
Change
in
unrealized
appreciation
(depreciation)
on:
Investments
(
5,006,560‌
)
(
34,550,276‌
)
Change
in
net
unrealized
appreciation
(depreciation)
(
5,006,560‌
)
(
34,550,276‌
)
Net
realized
and
unrealized
gain
(loss)
(
5,300,193‌
)
(
37,464,257‌
)
Net
increase
(decrease)
in
net
assets
applicable
to
common
shares
from
operations
$
(
3,401,869‌
)
$
(
23,420,409‌
)
Statement
of
Changes
in
Net
Assets
See
Notes
to
Financial
Statements
57
NIM
NXP
Unaudited
Six
Months
Ended
9/30/23
Year
Ended
3/31/23
Unaudited
Six
Months
Ended
9/30/23
Year
Ended
3/31/23
OPERATIONS
Net
investment
income
(loss)
$
1,898,324‌
$
3,510,912‌
$
14,043,848‌
$
23,834,378‌
Net
realized
gain
(loss)
(293,633‌)
(609,605‌)
(2,913,981‌)
(9,161,030‌)
Change
in
net
unrealized
appreciation
(depreciation)
(5,006,560‌)
(2,678,287‌)
(34,550,276‌)
(14,972,548‌)
Net
increase
(decrease)
in
net
assets
applicable
to
common
shares
from
operations
(3,401,869‌)
223,020‌
(23,420,409‌)
(299,200‌)
DISTRIBUTIONS
TO
COMMON
SHAREHOLDERS
Dividends
(1,941,669‌)
(3,379,252‌)
(13,659,615‌)
(25,973,777‌)
Total
distributions
(1,941,669‌)
(3,379,252‌)
(13,659,615‌)
(25,973,777‌)
CAPITAL
SHARE
TRANSACTIONS
Common
shares:
Proceeds
from
shelf
offering,
net
of
offering
costs
—‌
—‌
5,434,344‌
—‌
Reinvestments
of
distributions
—‌
—‌
373,701‌
79,642‌
Net
increase
(decrease)
applicable
to
common
shares
from
capital
share
transactions
—‌
—‌
5,808,045‌
79,642‌
Net
increase
(decrease)
in
net
assets
applicable
to
common
shares
(5,343,538‌)
(3,156,232‌)
(31,271,979‌)
(26,193,335‌)
Net
assets
applicable
to
common
shares
at
the
beginning
of
the
period
124,511,933‌
127,668,165‌
682,055,821‌
708,249,156‌
Net
assets
applicable
to
common
shares
at
the
end
of
the
period
$
119,168,395‌
$
124,511,933‌
$
650,783,842‌
$
682,055,821‌
Financial
Highlights
58
Ratios
of
Interest
Expense
to
Average
Net
Assets
Applicable
to
Common
Shares
NIM
NXP
9/30/23(c)
%
%
3/31/23
3/31/22
3/31/21
3/31/20
3/31/19
The
following
data
is
for
a
common
share
outstanding for
each
fiscal year
end
unless
otherwise
noted:
Investment
Operations
Less
Distributions
to
Common
Shareholders
Common
Share
Common
Share
Net
Asset
Value,
Beginning
of
Period
Net
Investment
Income
(NII)
(Loss)
Net
Realized/
Unrealized
Gain
(Loss)
Total
From
NII
From
Net
Realized
Gains
Total
Shelf
Offering
Costs
Premium
per
Share
Sold
through
Shelf
Offering
Net
Asset
Value,
End
of
Period
Share
Price,
End
of
Period
NIM
9/30/23(c)
$
10.00
$
0.15
$
(0.42)
$
(0.27)
$
(0.16)
$
$
(0.16)
$
$
$
9.57
$
8.47
3/31/23
10.26
0.28
(0.27)
0.01
(0.27)
(0.27)
10.00
9.23
3/31/22
10.77
0.27
(0.51)
(0.24)
(0.27)
(0.27)
10.26
9.58
3/31/21
10.44
0.29
0.41
0.70
(0.32)
(0.05)
(0.37)
10.77
10.68
3/31/20
10.56
0.31
(0.11)
0.20
(0.32)
(0.32)
10.44
9.77
3/31/19
10.34
0.33
0.21
0.54
(0.32)
(0.32)
10.56
9.96
NXP
9/30/23(c)
14.57
0.30
(0.79)
(0.49)
(0.29)
(0.29)
—(e)
—(e)
13.79
13.30
3/31/23
15.13
0.51
(0.51)
(0.56)
(0.56)
14.57
14.31
3/31/22
16.34
0.43
(1.09)
(0.66)
(0.55)
(0.55)
15.13
14.43
3/31/21
15.77
0.59
0.53
1.12
(0.55)
(0.55)
16.34
17.39
3/31/20
15.51
0.58
0.23
0.81
(0.55)
(0.55)
15.77
14.97
3/31/19
15.12
0.57
0.37
0.94
(0.55)
(0.55)
15.51
14.64
(a)
Percentage
is
not
annualized.
(b)
Net
Investment
Income
(Loss)
ratios
reflect
income
earned
and
expenses
incurred
on
assets
attributable
to
borrowings
and/or
reverse
repurchase
agreements
(as
described
in
Notes
to
Financial
Statements),
where
applicable.
The
expense
ratios
reflect,
among
other
things,
all
interest
expense
and
other
costs
related
to
borrowings
and/or
reverse
repurchase
agreements
(as
described
in
Notes
to
Financial
Statements)
and/or
the
interest
expense
deemed
to
have
been
paid
by
the
Fund
on
the
floating
rate
certificates
issued
by
the
special
purpose
trusts
for
the
self-deposited
inverse
floaters
held
by
the
Fund
(as
described
in
Notes
to
Financial
Statements),
where
applicable,
as
follows:
See
Notes
to
Financial
Statements
59
Common
Share
Supplemental
Data/
Ratios
Applicable
to
Common
Shares
Common
Share
Total
Returns
Ratios
to
Average
Net
Assets
Based
on
Net
Asset
Value(a)
Based
on
Share
Price(a)
Net
Assets,
End
of
Period
(000)
Expenses(b)
Net
Investment
Income
(Loss)
Portfolio
Turnover
Rate
(2.77‌)
%
(6.63‌)
%
$
119,168
0.58‌
%
(d)
3.08‌
%
(d)
8‌
%
0.17‌
(0.79‌)
124,512
0.57‌
2.84‌
21‌
(2.31‌)
(7.98‌)
127,668
0.56‌
2.54‌
13‌
6.73‌
13.22‌
134,048
0.56‌
2.69‌
12‌
1.83‌
1.14‌
129,879
0.56‌
2.88‌
13‌
5.28‌
6.16‌
131,462
0.57‌
3.18‌
16‌
(3.41‌)
(5.14‌)
650,784
0.23‌
(d)
4.16‌
(d)
11‌
0.07‌
3.19‌
682,056
0.24‌
3.53‌
22‌
(4.24‌)
(14.16‌)
708,249
0.29‌
3.26‌
13‌
7.16‌
20.16‌
271,091
0.26‌
3.64‌
10‌
5.19‌
5.89‌
261,438
0.26‌
3.60‌
10‌
6.34‌
8.51‌
256,937
0.26‌
3.77‌
17‌
(c)
Unaudited.
(d)
Annualized.
(e)
Value
rounded
to
zero.
60
Notes
to
Financial
Statements
(Unaudited)
1.
General
Information 
Fund
Information:
The
funds
covered
in
this
report
and
their
corresponding
New
York
Stock
Exchange
(“NYSE”)
symbols
are
as
follows
(each
a
“Fund”
and
collectively,
the
“Funds”):
Nuveen
Select
Maturities
Municipal
Fund
(NIM)
Nuveen
Select
Tax-Free
Income
Portfolio
(NXP)
The
Funds
are
registered
under
the
Investment
Company
Act
of
1940
(the
“1940
Act”),
as
amended,
as
diversified
closed-end
management
investment
companies.
NIM
and
NXP
were
organized
as
Massachusetts
business
trusts
on
July
23,
1992
and
January
29,
1992,
respectively.
Current
Fiscal
Period:
The
end
of
the
reporting
period
for
the
Funds
is
September
30,
2023,
and
the
period
covered
by
these
Notes
to
Financial
Statements
is
the
six
months
ended
September
30,
2023
(the
"current
fiscal
period").
Investment
Adviser
and
Sub-Adviser:
The
Fund’s
investment
adviser
is
Nuveen
Fund
Advisors,
LLC
(the
“Adviser”),
a
subsidiary
of
Nuveen,
LLC
(“Nuveen”).
Nuveen
is
the
investment
management
arm
of
Teachers
Insurance
and
Annuity
Association
of
America
(TIAA).
The
Adviser
has
overall
responsibility
for
management
of
the
Funds,
oversees
the
management
of
the
Funds’
portfolios,
manages
the
Funds’
business
affairs
and
provides
certain
clerical,
bookkeeping
and
other
administrative
services,
and,
if
necessary,
asset
allocation
decisions.
The
Adviser
has
entered
into
sub-
advisory
agreements
with
Nuveen
Asset
Management,
LLC
(the
“Sub-Adviser”),
a
subsidiary
of
the
Adviser,
under
which
the
Sub-Adviser
manages
the
investment
portfolio
of
the
Funds.
Developments
Regarding
the
Funds’
Control
Share
By-Law:
On
October
5,
2020,
the
Funds
and
certain
other
closed-end
funds
in
the
Nuveen
fund
complex
amended
their
by-laws.
Among
other
things,
the
amended
by-laws
included
provisions
pursuant
to
which,
in
summary,
a
shareholder
who
obtains
beneficial
ownership
of
common
shares
in
a
Control
Share
Acquisition
(as
defined
in
the
by-laws)
shall
have
the
same
voting
rights
as
other
common
shareholders
only
to
the
extent
authorized
by
the
other
disinterested
shareholders
(the
“Control
Share
By-Law”).
On
January
14,
2021,
a
shareholder
of
certain
Nuveen
closed-end
funds
filed
a
civil
complaint
in
the
U.S.
District
Court
for
the
Southern
District
of
New
York
(the
“District
Court”)
against
certain
Nuveen
funds
and
their
trustees,
seeking
a
declaration
that
such
funds’
Control
Share
By-Laws
violate
the
1940
Act,
rescission
of
such
fund’s
Control
Share
By-Laws
and
a
permanent
injunction
against
such
funds
applying
the
Control
Share
By-Laws.
On
February
18,
2022,
the
District
Court
granted
judgment
in
favor
of
the
plaintiff’s
claim
for
rescission
of
such
funds’
Control
Share
By-Laws
and
the
plaintiff’s
declaratory
judgment
claim,
and
declared
that
such
funds’
Control
Share
By-Laws
violate
Section
18(i)
of
the
1940
Act.
Following
review
of
the
judgment
of
the
District
Court,
on
February
22,
2022,
the
Board
of
Trustees
(the
“Board”)
amended
the
Funds’
by-laws
to
provide
that
the
Funds’
Control
Share
By-Law
shall
be
of
no
force
and
effect
for
so
long
as
the
judgment
of
the
District
Court
is
effective
and
that
if
the
judgment
of
the
District
Court
is
reversed,
overturned,
vacated,
stayed,
or
otherwise
nullified,
the
Funds’
Control
Share
By-Law
will
be
automatically
reinstated
and
apply
to
any
beneficial
owner
of
common
shares
acquired
in
a
Control
Share
Acquisition,
regardless
of
whether
such
Control
Share
Acquisition
occurs
before
or
after
such
reinstatement,
for
the
duration
of
the
stay
or
upon
issuance
of
the
mandate
reversing,
overturning,
vacating
or
otherwise
nullifying
the
judgment
of
the
District
Court.
On
February
25,
2022,
the
Board
and
the
Funds
appealed
the
District
Court’s
decision
to
the
U.S.
Court
of
Appeals
for
the
Second
Circuit.
2.
Significant
Accounting
Policies
The
accompanying
financial
statements
were
prepared
in
accordance
with
accounting
principles
generally
accepted
in
the
United
States
of
America
(“U.S.
GAAP”),
which
may
require
the
use
of
estimates
made
by
management
and
the
evaluation
of
subsequent
events.
Actual
results
may
differ
from
those
estimates. Each
Fund
is
an
investment
company
and
follows
accounting
guidance
in
the
Financial
Accounting
Standards
Board
(“FASB”)
Accounting
Standards
Codification
946,
Financial
Services
Investment
Companies.
The
net
asset
value
(“NAV”)
for
financial
reporting
purposes
may
differ
from
the
NAV
for
processing
security
and
shareholder
transactions.
The
NAV
for
financial
reporting
purposes
includes
security
and
shareholder
transactions
through
the
date
of
the
report.
Total
return
is
computed
based
on
the
NAV
used
for
processing
security
and
shareholder
transactions.
The
following
is
a
summary
of
the
significant
accounting
policies
consistently
followed
by
the
Funds.
Compensation:
The
Funds pay
no
compensation
directly
to
those
of its
officers,
all
of
whom
receive
remuneration
for
their
services
to
the
Funds
from
the
Adviser
or
its
affiliates.
The Board has
adopted
a
deferred
compensation
plan
for
independent
trustees
that
enables
trustees
to
elect
to
defer
receipt
of
all
or
a
portion
of
the
annual
compensation
they
are
entitled
to
receive
from
certain
Nuveen-advised
funds.
Under
the
plan,
deferred
amounts
are
treated
as
though
equal
dollar
amounts
had
been
invested
in
shares
of
select
Nuveen-advised
funds.
Custodian
Fee
Credit:
As
an
alternative
to
overnight
investments,
each
Fund
has
an
arrangement
with
its
custodian
bank,
State
Street
Bank
and
Trust
Company,
(the
“Custodian”)
whereby
certain
custodian
fees
and
expenses
are
reduced
by
net
credits
earned
on
each
Fund’s
cash
on
deposit
with
the
bank.
Credits
for
cash
balances
may
be
offset
by
charges
for
any
days
on
which
a
Fund
overdraws
its
account
at
the
Custodian.
The
amount
of
custodian
fee
credit
earned
by
a
Fund
is
recognized
on
the
Statement
of
Operations
as
a
component
of
“Custodian
expenses,
net.”
During
the
current
reporting
period,
the
custodian
fee
credit
earned
by
each
Fund
was
as
follows:
61
Distributions
to
Common
Shareholders:
Distributions
to
common shareholders
are
recorded
on
the
ex-dividend
date.
The
amount,
character
and
timing
of
distributions
are
determined
in
accordance
with
federal
income
tax
regulations,
which
may
differ
from
U.S.
GAAP.
Indemnifications:
Under
the
Funds'
organizational
documents, their
officers
and
trustees
are
indemnified
against
certain
liabilities
arising
out
of
the
performance
of
their
duties
to
the
Funds.
In
addition,
in
the
normal
course
of
business,
the Funds
enter
into
contracts
that
provide
general
indemnifications
to
other
parties.
The
Funds'
maximum
exposure
under
these
arrangements
is
unknown
as
this
would
involve
future
claims
that
may
be
made
against
the Funds
that
have
not
yet
occurred.
However,
the Funds
have
not
had
prior
claims
or
losses
pursuant
to
these
contracts
and
expects
the
risk
of
loss
to
be
remote.
Investments
and
Investment
Income:
Securities
transactions
are
accounted
for
as
of
the
trade
date
for
financial
reporting
purposes.
Realized
gains
and
losses
on
securities
transactions
are
based
upon
the
specific
identification
method.
Investment
income
is
comprised
of
interest
income,
which
is
recorded
on
an
accrual
basis
and
includes
accretion
of
discounts
and
amortization
of
premiums
for
financial
reporting
purposes.
Investment
income
also
reflects
payment-in-kind
(“PIK”)
interest
and
paydown
gains
and
losses,
if
any.
PIK
interest
represents
income
received
in
the
form
of
securities
in
lieu
of
cash.
Investment
income
also
reflects
dividend
income,
which
is
recorded
on
the
ex-dividend
date.
Netting
Agreements:
In
the
ordinary
course
of
business,
the
Funds
may
enter
into
transactions
subject
to
enforceable
International
Swaps
and
Derivatives
Association,
Inc.
(ISDA)
master
agreements
or
other
similar
arrangements
(“netting
agreements”).
Generally,
the
right
to
offset
in
netting
agreements
allows
each
Fund
to
offset
certain
securities
and
derivatives
with
a
specific
counterparty,
when
applicable,
as
well
as
any
collateral
received
or
delivered
to
that
counterparty
based
on
the
terms
of
the
agreements.
Generally,
each
Fund
manages
its
cash
collateral
and
securities
collateral
on
a
counterparty
basis.
With
respect
to
certain
counterparties,
in
accordance
with
the
terms
of
the
netting
agreements,
collateral
posted
to
the
Funds
is
held
in
a
segregated
account
by
the
Funds’
custodian
and/or
with
respect
to
those
amounts
which
can
be
sold
or
repledged,
are
presented
in
the
Funds’
Portfolio
of
Investments
or
Statement
of
Assets
and
Liabilities.
The
Funds’
investments
subject
to
netting
agreements
as
of
the
end
of
the
reporting
period,
if
any,
are
further
described
later
in
these
Notes
to
Financials.
New
Accounting
Pronouncement: 
In
March
2020,
FASB
issued
Accounting
Standards
Update
("ASU")
2020-04,
Reference
Rate
Reform:
Facilitation
of
the
Effects
of
Reference
Rate
Reform
on
Financial
Reporting.
The
main
objective
of
the
new
guidance
is
to
provide
relief
to
companies
that
will
be
impacted
by
the
expected
change
in
benchmark
interest
rates,
when
participating
banks
will
no
longer
be
required
to
submit
London
Interbank
Offered
Rate
(LIBOR)
quotes
by
the
UK
Financial
Conduct
Authority
(FCA).
The
new
guidance
allows
companies
to,
provided
the
only
change
to
existing
contracts
are
a
change
to
an
approved
benchmark
interest
rate,
account
for
modifications
as
a
continuance
of
the
existing
contract
without
additional
analysis.
For
new
and
existing
contracts,
the
Funds
may
elect
to
apply
the
amendments
as
of
March
12,
2020
through
December
31,
2022.
In
December
2022,
FASB
deferred
ASU
2022-04
and
issued
ASU
2022-06,
Reference
Rate
Reform:
Deferral
of
the
Sunset
Date
of
Topic
848,
which
extends
the
application
of
the
amendments
through
December
31,
2024.
Management
has
not
yet
elected
to
apply
the
amendments,
is
continuously
evaluating
the
potential
effect
a
discontinuation
of
LIBOR
could
have
on
the
Funds’
investments
and
has
currently
determined
that
it
is
unlikely
the
ASU’s
adoption
will
have
a
significant
impact
on
the
Funds’
financial
statements
and
various
filings.
New
Accounting
Pronouncement:
In
June
2022,
the
FASB
issued
ASU
2022-03
to
clarify
the
guidance
in
Topic
820,
Fair
Value
Measurement
("Topic
820").
The
amendments
in
ASU
2022-03
affect
all
entities
that
have
investments
in
equity
securities
measured
at
fair
value
that
are
subject
to
a
contractual
sale
restriction.
ASU
2022-03
(1)
clarifies
the
guidance
in
Topic
820,
when
measuring
the
fair
value
of
an
equity
security
subject
to
contractual
restrictions
that
prohibit
the
sale
of
equity
security,
(2)
amends
a
related
illustrative
example,
and
(3)
introduces
new
disclosure
requirements
for
equity
securities
subject
to
contractual
sale
restrictions
that
are
measured
at
fair
value
in
accordance
with
Topic
820.
For
public
business
entities,
the
amendments
in
ASU
2022-03
are
effective
for
fiscal
years
beginning
after
December
15,
2023,
and
interim
periods
within
those
fiscal
years.
For
all
other
entities,
the
amendments
are
effective
for
fiscal
years
beginning
after
December
15,
2024,
and
interim
periods
within
those
fiscal
years.
Early
adoption
is
permitted
for
both
interim
and
annual
financial
statements
that
have
not
yet
been
issued
or
made
available
for
issuance.
During
the
current
fiscal
period,
the
Funds
adopted
the
new
guidance
and
there
was
no
material
impact
to
the
Funds.
3.
Investment
Valuation
and
Fair
Value
Measurements 
The
Funds’
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Adviser,
subject
to
oversight
of
the Board.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Fund
Gross
Custodian
Fee
Credits
NIM
$
NXP
62
Notes
to
Financial
Statements
(Unaudited)
(continued)
Level
2
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
A
description
of
the
valuation
techniques
applied
to
the
Funds’
major
classifications
of
assets
and
liabilities
measured
at
fair
value
follows:
Equity
securities
and
exchange-traded
funds
listed
or
traded
on
a
national
market
or
exchange
are
valued
based
on
their
last
reported sales
price
or
official
closing
price of such
market
or
exchange
on
the
valuation
date.
Foreign
equity
securities
and
registered
investment
companies
that
trade
on
a
foreign
exchange
are
valued
at
the
last
reported sales
price
or
official
closing
price
on
the
principal
exchange
where
traded,
and
converted
to
U.S.
dollars
at
the
prevailing
rates
of
exchange
on
the valuation
date.
For
events affecting
the value
of
foreign
securities
between
the
time
when
the
exchange
on
which
they
are
traded
closes
and
the
time
when
the
Funds'
net
assets
are
calculated,
such
securities
will
be
valued
at
fair
value
in
accordance
with
procedures
adopted
by
the
Adviser,
subject
to
the
oversight
of
the
Board. To
the
extent
these
securities
are
actively
traded
and
no
valuation
adjustments
are
applied,
they
are
generally
classified
as
Level
1. When
valuation
adjustments
are
applied
to
the
most
recent
last
sales
price
or
official
closing
price, these
securities
are
generally
classified
as
Level
2.
Prices
of
fixed-income
securities
are
generally
provided
by
pricing
services
approved
by
the
Adviser,
which
is
subject
to
review
by
the
Adviser
and
oversight
of
the
Board. Pricing
services
establish
a
security’s
fair
value
using
methods
that
may
include
consideration
of
the
following:
yields
or
prices
of
investments
of
comparable
quality,
type
of
issue,
coupon,
maturity
and
rating,
market
quotes
or
indications
of
value
from
security
dealers,
evaluations
of
anticipated
cash
flows
or
collateral,
general
market
conditions
and
other
information
and
analysis,
including
the
obligor’s
credit
characteristics
considered
relevant.
In
pricing
certain
securities,
particularly
less
liquid
and
lower
quality
securities,
pricing
services
may
consider
information
about
a
security,
its
issuer
or
market
activity
provided
by
the
Adviser.
These
securities
are
generally
classified
as
Level
2.
For
any
portfolio
security
or
derivative
for
which
market
quotations
are
not
readily
available
or
for
which
the
Adviser
deems
the
valuations
derived
using
the
valuation
procedures
described
above
not
to
reflect
fair
value,
the
Adviser
will
determine
a
fair
value
in
good
faith
using
alternative
procedures
approved
by
the
Adviser,
subject
to
the
oversight
of
the
Board.
As
a
general
principle,
the
fair
value
of
a
security
is
the
amount
that
the
owner
might
reasonably
expect
to
receive
for
it
in
a
current
sale.
A
variety
of
factors
may
be
considered
in
determining
the
fair
value
of
such
securities,
which
may
include
consideration
of
the
following:
yields
or
prices
of
investments
of
comparable
quality,
type
of
issue,
coupon,
maturity
and
rating,
market
quotes
or
indications
of
value
from
security
dealers,
evaluations
of
anticipated
cash
flows
or
collateral,
general
market
conditions
and
other
information
and
analysis,
including
the
obligor’s
credit
characteristics
considered
relevant.
To
the
extent
the
inputs
are
observable
and
timely,
the
values
would
be
classified
as
Level
2;
otherwise
they
would
be
classified
as
Level
3.
The
following
table
summarizes
the
market
value
of
the
Funds’
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
4.
Portfolio
Securities
Inverse
Floating
Rate
Securities:
Each
Fund
is
authorized
to
invest
in
inverse
floating
rate
securities.
An
inverse
floating
rate
security
is
created
by
depositing
a
municipal
bond
(referred
to
as
an
“Underlying
Bond”),
typically
with
a
fixed
interest
rate,
into
a
special
purpose
tender
option
bond
(“TOB”)
trust
(referred
to
as
the
“TOB
Trust”)
created
by
or
at
the
direction
of
one
or
more
Funds.
In
turn,
the
TOB
Trust
issues
(a)
floating
rate
certificates
(referred
to
as
“Floaters”),
in
face
amounts
equal
to
some
fraction
of
the
Underlying
Bond’s
par
amount
or
market
value,
and
(b)
an
inverse
floating
rate
certificate
(referred
to
as
an
“Inverse
Floater”)
that
represents
all
remaining
or
residual
interest
in
the
TOB
Trust.
Floaters
typically
pay
short-term
tax-exempt
interest
rates
to
third
parties
who
are
also
provided
a
right
to
tender
their
certificate
and
receive
its
par
value,
which
may
be
paid
from
the
proceeds
of
a
remarketing
of
the
Floaters,
by
a
loan
to
the
TOB
Trust
from
a
third
party
liquidity
provider
(“Liquidity
NIM
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Municipal
Bonds
$
$
110,391,936
$
$
110,391,936
Common
Stocks
5,255,286
5,255,286
Asset-Backed
and
Mortgage-Backed
Securities
455,393
455,393
Short-Term
Investments:
Municipal
Bonds
1,500,000
1,500,000
Total
$
$
117,602,615
$
$
117,602,615
NXP
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Municipal
Bonds
$
$
636,600,235
$
$
636,600,235
Common
Stocks
7,717,727
7,717,727
Short-Term
Investments:
Municipal
Bonds
2,660,000
2,660,000
Total
$
$
646,977,962
$
$
646,977,962
63
Provider”),
or
by
the
sale
of
assets
from
the
TOB
Trust.
The
Inverse
Floater
is
issued
to
a
long
term
investor,
such
as
one
or
more
of
the
Funds.
The
income
received
by
the
Inverse
Floater
holder
varies
inversely
with
the
short-term
rate
paid
to
holders
of
the
Floaters,
and
in
most
circumstances
the
Inverse
Floater
holder
bears
substantially
all
of
the
Underlying
Bond’s
downside
investment
risk
and
also
benefits
disproportionately
from
any
potential
appreciation
of
the
Underlying
Bond’s
value.
The
value
of
an
Inverse
Floater
will
be
more
volatile
than
that
of
the
Underlying
Bond
because
the
interest
rate
is
dependent
on
not
only
the
fixed
coupon
rate
of
the
Underlying
Bond
but
also
on
the
short-term
interest
paid
on
the
Floaters,
and
because
the
Inverse
Floater
essentially
bears
the
risk
of
loss
(and
possible
gain)
of
the
greater
face
value
of
the
Underlying
Bond.
The
Inverse
Floater
held
by
a
Fund
gives
the
Fund
the
right
to
(a)
cause
the
holders
of
the
Floaters
to
tender
their
certificates
at
par
(or
slightly
more
than
par
in
certain
circumstances),
and
(b)
have
the
trustee
of
the
TOB
Trust
(the
“Trustee”)
transfer
the
Underlying
Bond
held
by
the
TOB
Trust
to
the
Fund,
thereby
collapsing
the
TOB
Trust.
The
Fund
may
acquire
an
Inverse
Floater
in
a
transaction
where
it
(a)
transfers
an
Underlying
Bond
that
it
owns
to
a
TOB
Trust
created
by
a
third
party
or
(b)
transfers
an
Underlying
Bond
that
it
owns,
or
that
it
has
purchased
in
a
secondary
market
transaction
for
the
purpose
of
creating
an
Inverse
Floater,
to
a
TOB
Trust
created
at
its
direction,
and
in
return
receives
the
Inverse
Floater
of
the
TOB
Trust
(referred
to
as
a
“self-deposited
Inverse
Floater”).
A
Fund
may
also
purchase
an
Inverse
Floater
in
a
secondary
market
transaction
from
a
third
party
creator
of
the
TOB
Trust
without
first
owning
the
Underlying
Bond
(referred
to
as
an
“externally-deposited
Inverse
Floater”).
An
investment
in
a
self-deposited
Inverse
Floater
is
accounted
for
as
a
“financing”
transaction
(i.e.,
a
secured
borrowing).
For
a
self-deposited
Inverse
Floater,
the
Underlying
Bond
deposited
into
the
TOB
Trust
is
identified
in
the
Fund’s
Portfolio
of
Investments
as
“(UB)
Underlying
bond
of
an
inverse
floating
rate
trust
reflected
as
a
financing
transaction,”
with
the
Fund
recognizing
as
liabilities,
labeled
“Floating
rate
obligations”
on
the
Statement
of
Assets
and
Liabilities,
(a)
the
liquidation
value
of
Floaters
issued
by
the
TOB
Trust,
and
(b)
the
amount
of
any
borrowings
by
the
TOB
Trust
from
a
Liquidity
Provider
to
enable
the
TOB
Trust
to
purchase
outstanding
Floaters
in
lieu
of
a
remarketing.
In
addition,
the
Fund
recognizes
in
“Investment
Income”
the
entire
earnings
of
the
Underlying
Bond,
and
recognizes
(a)
the
interest
paid
to
the
holders
of
the
Floaters
or
on
the
TOB
Trust’s
borrowings,
and
(b)
other
expenses
related
to
remarketing,
administration,
trustee,
liquidity
and
other
services
to
a
TOB
Trust,
as
a
component
of
“Interest
expense”
on
the
Statement
of
Operations.
Earnings
due
from
the
Underlying
Bond
and
interest
due
to
the
holders
of
the
Floaters
as
of
the
end
of
the
reporting
period
are
recognized
as
components
of
“Receivable
for
interest”
and
“Payable
for
interest”
on
the
Statement
of
Assets
and
Liabilities,
respectively.
In
contrast,
an
investment
in
an
externally-deposited
Inverse
Floater
is
accounted
for
as
a
purchase
of
the
Inverse
Floater
and
is
identified
in
the
Fund’s
Portfolio
of
Investments
as
“(IF)
Inverse
floating
rate
investment.”
For
an
externally-deposited
Inverse
Floater,
a
Fund’s
Statement
of
Assets
and
Liabilities
recognizes
the
Inverse
Floater
and
not
the
Underlying
Bond
as
an
asset,
and
the
Fund
does
not
recognize
the
Floaters,
or
any
related
borrowings
from
a
Liquidity
Provider,
as
a
liability.
Additionally,
the
Fund
reflects
in
“Investment
Income”
only
the
net
amount
of
earnings
on
the
Inverse
Floater
(net
of
the
interest
paid
to
the
holders
of
the
Floaters
or
the
Liquidity
Provider
as
lender,
and
the
expenses
of
the
Trust),
and
does
not
show
the
amount
of
that
interest
paid
or
the
expenses
of
the
TOB
Trust
as
described
above
as
interest
expense
on
the
Statement
of
Operations.
Fees
paid
upon
the
creation
of
a
TOB
Trust
for
self-deposited
Inverse
Floaters
and
externally-deposited
Inverse
Floaters
are
recognized
as
part
of
the
cost
basis
of
the
Inverse
Floater
and
are
capitalized
over
the
term
of
the
TOB
Trust.
During
the
current
fiscal
period,
the
Funds
did
not
have
any
transactions
in
self-deposited
Inverse
Floaters
and/or
externally-deposited
Inverse
Floaters. 
Zero
Coupon
Securities:
A
zero
coupon
security
does
not
pay
a
regular
interest
coupon
to
its
holders
during
the
life
of
the
security.
Income
to
the
holder
of
the
security
comes
from
accretion
of
the
difference
between
the
original
purchase
price
of
the
security
at
issuance
and
the
par
value
of
the
security
at
maturity
and
is
effectively
paid
at
maturity.
The
market
prices
of
zero
coupon
securities
generally
are
more
volatile
than
the
market
prices
of
securities
that
pay
interest
periodically.
Investment
Transactions:
Long-term
purchases
and
sales
during
the
current
fiscal
period
were
as
follows:
The
Funds
may
purchase
securities
on
a
when-issued
or
delayed-delivery
basis.
Securities
purchased
on
a
when-issued
or
delayed-delivery
basis
may
have
extended
settlement
periods;
interest
income
is
not
accrued
until
settlement
date.
Any
securities
so
purchased
are
subject
to
market
fluctuation
during
this
period. If
a
Fund
has
outstanding
when-issued/delayed-delivery
purchases
commitments
as
of
the
end
of
the
reporting
period,
such
amounts
are
recognized
on
the
Statement
of
Assets
and
Liabilities.
Market
and
Counterparty
Credit
Risk:
In
the
normal
course
of
business
each
Fund
may
invest
in
financial
instruments
and
enter
into
financial
transactions
where
risk
of
potential
loss
exists
due
to
changes
in
the
market
(market
risk)
or
failure
of
the
other
party
to
the
transaction
to
perform
(counterparty
credit
risk).
The
potential
loss
could
exceed
the
value
of
the
financial
assets
recorded
on
the
financial
statements.
Financial
assets,
which
potentially
expose
each
Fund
to
counterparty
credit
risk,
consist
principally
of
cash
due
from
counterparties
on
forward,
option
and
swap
transactions,
when
applicable.
The
extent
of
each
Fund’s
exposure
to
counterparty
credit
risk
in
respect
to
these
financial
assets
approximates
their
carrying
value
as
recorded
on
the
Statement
of
Assets
and
Liabilities.
Fund
Non-U.S.
Government
Purchases
Non-U.S.
Government
Sales
and
Maturities
NIM
$
9,918,353
$
11,568,575
NXP
76,669,734
75,420,111
64
Notes
to
Financial
Statements
(Unaudited)
(continued)
Each
Fund
helps
manage
counterparty
credit
risk
by
entering
into
agreements
only
with
counterparties
the
Adviser
believes
have
the
financial
resources
to
honor
their
obligations
and
by
having
the
Adviser
monitor
the
financial
stability
of
the
counterparties.
Additionally,
counterparties
may
be
required
to
pledge
collateral
daily
(based
on
the
daily
valuation
of
the
financial
asset)
on
behalf
of
each
Fund
with
a
value
approximately
equal
to
the
amount
of
any
unrealized
gain
above
a
pre-determined
threshold.
Reciprocally,
when
each
Fund
has
an
unrealized
loss,
the
Funds
have
instructed
the
custodian
to
pledge
assets
of
the
Funds
as
collateral
with
a
value
approximately
equal
to
the
amount
of
the
unrealized
loss
above
a
pre-determined
threshold.
Collateral
pledges
are
monitored
and
subsequently
adjusted
if
and
when
the
valuations
fluctuate,
either
up
or
down,
by
at
least
the
pre-determined
threshold
amount.
5.
Derivative
Investments
In
addition
to
the
inverse
floating
rate
securities
in
which
each
Fund
may
invest,
which
are
considered
portfolio
securities
for
financial
reporting
purposes,
each
Fund
is
authorized
to
invest
in
certain
other
derivative
instruments
such
as
futures,
options
and
swap
contracts.
Each
Fund
limits
its
investments
in
futures,
options
on
futures
and
swap
contracts
to
the
extent
necessary
for
the
Adviser
to
claim
the
exclusion
from
registration
by
the
Commodity
Futures
Trading
Commission
as
a
commodity
pool
operator
with
respect
to
the
Fund.
The
Funds
record
derivative
instruments
at
fair
value,
with
changes
in
fair
value
recognized
on
the
Statement
of
Operations,
where
applicable.
Even
though
the
Funds'
investments
in
derivatives
may
represent
economic
hedges,
they
are
not
considered
to
be
hedge
transactions
for
financial
reporting
purposes.
Although
the
Funds
are
authorized
to
invest
in
derivative
instruments
and
may
do
so
in
the
future,
they
did
not
make
any
such
investments
during
the
current
fiscal
period.
6.
Fund
Shares
Common
Shares
Equity
Shelf
Programs
and
Offering
Costs:
NXP
has
filed
a
registration
statement
with
the
SEC
authorizing
the
Fund
to
issue
additional
common
shares
through
one
or
more
equity
shelf
programs
(“Shelf
Offering”),
which
became
effective
with
the
SEC
during
prior
fiscal
periods.
Under
this
Shelf
Offering,
the
Fund,
subject
to
market
conditions,
may
raise
additional
equity
capital
by
issuing
additional
common
shares
from
time
to
time
in
varying
amounts
and
by
different
offering
methods
at
a
net
price
at
or
above
the
Fund’s
NAV
per
common
share.
In
the
event
the
Fund’s
Shelf
Offering
registration
statement
is
no
longer
current,
the
Fund
may
not
issue
additional
common
shares
until
a
post-effective
amendment
to
the
registration
statement
has
been
filed
with
the
SEC.
Additional
authorized
common
shares,
common
shares
sold
and
offering
proceeds,
net
of
offering
costs
under
the
Fund’s
Shelf
Offering
during
the
Fund’s
current
and
prior
fiscal
period
were
as
follows:
Common Share
Transactions:
Transactions
in common
shares
for
the
Funds
during
the
Funds’
current
and
prior
fiscal
period,
where
applicable,
were
as
follows:
7.
Income
Tax
Information
Each
Fund
is
a
separate
taxpayer
for
federal
income
tax
purposes.
Each
Fund
intends
to
distribute
substantially
all
of
its
net
investment
income
and
net
capital
gains
to
shareholders
and
otherwise
comply
with
the
requirements
of
Subchapter
M
of
the
Internal
Revenue
Code
applicable
to
regulated
investment
companies.
Therefore,
no
federal
income
tax
provision
is
required.
Each
Fund
intends
to
satisfy
conditions
that
will
enable
interest
from
municipal
securities,
which
is
exempt
from
regular
federal
income
tax,
to
retain
such
tax-exempt
status
when
distributed
to
shareholders
of
the
Funds.
Net
realized
capital
gains
and
ordinary
income
distributions
paid
by
the
Funds
are
subject
to
federal
taxation.
NXP
Six
Months
Ended
9/30/23
1
Year
Ended
3/31/23
Additional
authorized
common
shares
14,000,000
-
Common
shares
sold
378,111
-
Offering
proceeds,
net
of
offering
costs
228.866
-
1
Represents
additional
authorized
shares
for
the
period
July
5,
2023
through
September
30,
2023.
NIM
NXP
Six
Months
Ended
9/30/23
Year
Ended
3/31/23
Six
Months
Ended
9/30/23
Year
Ended
3/31/23
Common
Shares:
Sold
through
shelf
offering
378,711
Issued
to
shareholders
due
to
reinvestment
of
distributions
25,948
5,577
Total
404,659
5,577
Weighted
average
common
share:
Premium
to
NAV
per
shelf
offering
common
share
sold
–%
–%
0.88%
–%
65
Each
Fund
files
income
tax
returns
in
U.S.
federal
and
applicable
state
and
local
jurisdictions.
A
Fund's
federal
income
tax
returns
are
generally
subject
to
examination
for
a
period
of
three
fiscal
years
after
being
filed.
State
and
local
tax
returns
may
be
subject
to
examination
for
an
additional
period
of
time
depending
on
the
jurisdiction.
Management
has
analyzed
each
Fund's
tax
positions
taken
for
all
open
tax
years
and
has
concluded
that
no
provision
for
income
tax
is
required
in
the
Fund's
financial
statements.
As
of
the
end
of
the
reporting
period,
the
aggregate
cost
and
the
net
unrealized
appreciation/(depreciation)
of
all
investments
for
federal
income
tax
purposes
were
as
follows:
For
purposes
of
this
disclosure,
tax
cost
generally
includes
the
cost
of
portfolio
investments
as
well
as
up-front
fees
or
premiums
exchanged
on
derivatives
and
any
amounts
unrealized
for
income
statement
reporting
but
realized
income
and/or
capital
gains
for
tax
reporting,
if
applicable.
As
of
prior
fiscal
period
end,
the
components
of
accumulated
earnings
on
a
tax
basis
were
as
follows:
As
of
prior
fiscal
period
end,
the
Funds
had
capital
loss
carryforwards,
which
will
not
expire:
8.
Management
Fees
and
Other
Transactions
with
Affiliates
The
annual
fund-level
fee,
payable
monthly,
for
each
Fund
is
calculated
according
to
the
following
schedules:
Fund
Tax
Cost
Gross
Unrealized
Appreciation
Gross
Unrealized
(Depreciation)
Net
Unrealized
Appreciation
(Depreciation)
NIM
$
121,476,079
$
4,798,753
$
(8,672,217)
$
(3,873,464)
NXP
636,255,738
32,777,607
(22,055,383)
10,722,224
Fund
Undistributed
Tax-Exempt
Income
1
Undistributed
Ordinary
Income
Undistributed
Long-Term
Capital
Gains
Unrealized
Appreciation
(Depreciation)
Capital
Loss
Carryforwards
Late-Year
Loss
Deferrals
Other
Book-to-Tax
Differences
Total
NIM
$
358,783
$
$
$
1,113,557
$
(680,298)
$
$
(261,379)
$
530,663
NXP
3,957,408
44,806,433
(20,029,095)
(2,270,027)
26,464,719
1
Undistributed
tax-exempt
income
(on
a
tax
basis)
has
not
been
reduced
for
the
dividends
declared
on
March
1,
2023
and
paid
on
April
3,
2023.
Fund
Short-Term
Long-Term
Total
NIM
$
209,339
$
470,959
$
680,298
NXP
1
5,435,439
14,593,656
20,029,095
1
A
portion
of
NXP’s
capital
loss
carryforwards
is
subject
to
a
limitation
under
the
Internal
Revenue
Code
and
related
regulations.
Average
Daily
Net
Assets*
NIM
Fund-Level
Fee
Rate
For
the
first
$125
million
0.3000
%
For
the
next
$125
million
0.2875
For
the
next
$250
million
0.2750
For
the
next
$500
million
0.2625
For
the
next
$1
billion
0.2500
For
the
next
$3
billion
0.2250
For
managed
assets
over
$5
billion
0.2125
Average
Daily
Net
Assets*
NXP
Fund-Level
Fee
Rate
For
the
first
$125
million
0.0500
%
For
the
next
$125
million
0.0375
For
the
next
$250
million
0.0250
For
the
next
$500
million
0.0125
66
Notes
to
Financial
Statements
(Unaudited)
(continued)
The
annual
complex-level
fee,
payable
monthly,
for
each
Fund
is
calculated
by
multiplying
the
current
complex-wide
fee
rate,
determined
according
to
the
following
schedule
by
the
Fund’s
daily
managed
assets:
*
For
the
complex-level
fees,
managed
assets
include
closed-end
fund
assets
managed
by
the
Adviser
that
are
attributable
to
certain
types
of
leverage.
For
these
purposes,
leverage
includes
the
funds’
use
of
preferred
stock
and
borrowings
and
certain
investments
in
the
residual
interest
certificates
(also
called
inverse
floating
rate
securities)
in
tender
option
bond
(TOB)
trusts,
including
the
portion
of
assets
held
by
a
TOB
trust
that
has
been
effectively
financed
by
the
trust’s
issuance
of
floating
rate
securities,
subject
to
an
agreement
by
the
Adviser
as
to
certain
funds
to
limit
the
amount
of
such
assets
for
determining
managed
assets
in
certain
circumstances.
The
complex-level
fee
is
calculated
based
upon
the
aggregate
daily
managed
assets
of
all
Nuveen
open-end
and
closed-end
funds
that
constitute
‘’eligible
assets.”
Eligible
assets
do
not
include
assets
attributable
to
investments
in
other
Nuveen
funds
or
assets
in
excess
of
a
determined
amount
(originally
$2
billion)
added
to
the
Nuveen
fund
complex
in
connection
with
the
Adviser’s
assumption
of
the
management
of
the
former
First
American
Funds
effective
January
1,
2011,
but
do
not
include
certain
assets
of
certain
Nuveen
funds
that
were
reorganized
into
funds
advised
by
an
affiliate
of
the
Adviser
during
the
2019
calendar
year.
As
of
September
30,
2023,
the
complex-level
fee
for
each
Fund
was
as
follows:
Other
Transactions
with
Affiliates:
Each
Fund
is
permitted
to
purchase
or
sell
securities
from
or
to
certain
other
funds
or
accounts
managed
by
the
Sub-Adviser
(“Affiliated
Entity”)
under
specified
conditions
outlined
in
procedures
adopted
by
the
Board
("cross-trade").
These
procedures
have
been
designed
to
ensure
that
any
cross-trade
of
securities
by
the
Fund
from
or
to
an
Affiliated
Entity
by
virtue
of
having
a
common
investment
adviser
(or
affiliated
investment
adviser),
common
officer
and/or
common
trustee
complies
with
Rule
17a-7
under
the
1940
Act.
These
transactions
are
effected
at
the
current
market
price
(as
provided
by
an
independent
pricing
service)
without
incurring
broker
commissions.
During
the
current
fiscal
period,
the
Funds
engaged
in
cross-trades
pursuant
to
these
procedures
as
follows: 
9.
Borrowing
Arrangements
Committed
Line
of
Credit:
The
Funds,
along
with
certain
other
funds
managed
by
the
Adviser
(“Participating
Funds”),
have
established
a
364-day,
$2.700
billion
standby
credit
facility
with
a
group
of
lenders,
under
which
the
Participating
Funds
may
borrow
for
temporary
purposes
(other
than
on-
going
leveraging
for
investment
purposes).
Each
Participating
Fund
is
allocated
a
designated
proportion
of
the
facility’s
capacity
(and
its
associated
costs,
as
described
below)
based
upon
a
multi-factor
assessment
of
the
likelihood
and
frequency
of
its
need
to
draw
on
the
facility,
the
size
of
the
Fund
and
its
anticipated
draws,
and
the
potential
importance
of
such
draws
to
the
operations
and
well-being
of
the
Fund,
relative
to
those
of
the
other
Funds.
A
Fund
may
effect
draws
on
the
facility
in
excess
of
its
designated
capacity
if
and
to
the
extent
that
other
Participating
Funds
have
undrawn
capacity.
The
current
credit
facility
was
entered
into
on
June
21,
2023
expiring
on
June
19,
2024,
replacing
the
previous
facility,
which
expired
June
2023.
The
credit
facility
has
the
following
terms:
0.15%
per
annum
on
unused
commitment
amounts
and
a
drawn
interest
rate
equal
to
the
higher
of
(a)
OBFR
(Overnight
Bank
Funding
Rate)
plus
1.20%
per
annum
or
(b)
the
Fed
Funds
Effective
Rate
plus
1.20%
per
annum
on
amounts
borrowed.
The
Participating
Funds
also
incurred
a
0.05%
upfront
fee
on
the
increased
commitments
from
select
lenders.
Interest
expense
incurred
by
the
Participating
Funds,
when
applicable,
is
recognized
as
a
component
of
“Interest
expense”
on
the
Statement
of
Operations.
Participating
Funds
paid
Complex-Level
Eligible
Asset
Breakpoint
Level*
Effective
Complex-Level
Fee
Rate
at
Breakpoint
Level
$55
billion
0.2000
%
$56
billion
0.1996
$57
billion
0.1989
$60
billion
0.1961
$63
billion
0.1931
$66
billion
0.1900
$71
billion
0.1851
$76
billion
0.1806
$80
billion
0.1773
$91
billion
0.1691
$125
billion
0.1599
$200
billion
0.1505
$250
billion
0.1469
$300
billion
0.1445
Fund
Complex-Level
Fee
NIM
0.1611%
NXP
0.1611%
Fund
Purchases
Sales
Realized
Gain
(Loss)
NIM
$
$
$
NXP
2,029,720
(177,234)
67
administration,
legal
and
arrangement
fees,
which
are
recognized
as
a
component
of
“Interest
expense”
on
the
Statement
of
Operations,
and
along
with
commitment
fees,
have
been
allocated
among
such
Participating
Funds
based
upon
the
relative
proportions
of
the
facility’s
aggregate
capacity
reserved
for
them
and
other
factors
deemed
relevant
by
the
Adviser
and
the
Board
of
each
Participating
Fund.
During
the
current
fiscal
period,
the
following
Fund
utilized
this
facility.
The
Fund’s
maximum
outstanding
balance
during
the
utilization
period
was
as
follows:
During
the
Fund’s
utilization
period(s)
during
the
current
fiscal
period,
the
average
daily
balance
outstanding
and
average
annual
interest
rate
on
the
Borrowings
were
as
follows:
Borrowings
outstanding
as
of
the
end
of
the
reporting
period,
if
any,
are
recognized
as
“Borrowings”
on
the
Statement
of
Assets
and
Liabilities,
where
applicable.
Inter-Fund
Borrowings
and
Lending:
The
SEC
has
granted
an
exemptive
order
permitting
registered
open-end
and
closed-end
Nuveen
funds
to
participate
in
an
inter-fund
lending
facility
whereby
the
Nuveen
funds
may
directly
lend
to
and
borrow
money
from
each
other
for
temporary
purposes
(e.g.,
to
satisfy
redemption
requests
or
when
a
sale
of
securities
“fails,”
resulting
in
an
unanticipated
cash
shortfall)
(the
“Inter-Fund
Program”).
The
closed-end
Nuveen
funds,
including
the
Funds
covered
by
this
shareholder
report,
will
participate
only
as
lenders,
and
not
as
borrowers,
in
the
Inter-Fund
Program
because
such
closed-end
funds
rarely,
if
ever,
need
to
borrow
cash
to
meet
redemptions.
The
Inter-Fund
Program
is
subject
to
a
number
of
conditions,
including,
among
other
things,
the
requirements
that
(1)
no
fund
may
borrow
or
lend
money
through
the
Inter-Fund
Program
unless
it
receives
a
more
favorable
interest
rate
than
is
typically
available
from
a
bank
or
other
financial
institution
for
a
comparable
transaction;
(2)
no
fund
may
borrow
on
an
unsecured
basis
through
the
Inter-Fund
Program
unless
the
fund’s
outstanding
borrowings
from
all
sources
immediately
after
the
inter-fund
borrowing
total
10%
or
less
of
its
total
assets;
provided
that
if
the
borrowing
fund
has
a
secured
borrowing
outstanding
from
any
other
lender,
including
but
not
limited
to
another
fund,
the
inter-fund
loan
must
be
secured
on
at
least
an
equal
priority
basis
with
at
least
an
equivalent
percentage
of
collateral
to
loan
value;
(3)
if
a
fund’s
total
outstanding
borrowings
immediately
after
an
inter-fund
borrowing
would
be
greater
than
10%
of
its
total
assets,
the
fund
may
borrow
through
the
inter-fund
loan
on
a
secured
basis
only;
(4)
no
fund
may
lend
money
if
the
loan
would
cause
its
aggregate
outstanding
loans
through
the
Inter-Fund
Program
to
exceed
15%
of
its
net
assets
at
the
time
of
the
loan;
(5)
a
fund’s
inter-fund
loans
to
any
one
fund
shall
not
exceed
5%
of
the
lending
fund’s
net
assets;
(6)
the
duration
of
inter-
fund
loans
will
be
limited
to
the
time
required
to
receive
payment
for
securities
sold,
but
in
no
event
more
than
seven
days;
and
(7)
each
inter-fund
loan
may
be
called
on
one
business
day’s
notice
by
a
lending
fund
and
may
be
repaid
on
any
day
by
a
borrowing
fund.
In
addition,
a
Nuveen
fund
may
participate
in
the
Inter-Fund
Program
only
if
and
to
the
extent
that
such
participation
is
consistent
with
the
fund’s
investment
objective
and
investment
policies.
The
Board
is
responsible
for
overseeing
the
Inter-Fund
Program.
The
limitations
detailed
above
and
the
other
conditions
of
the
SEC
exemptive
order
permitting
the
Inter-Fund
Program
are
designed
to
minimize
the
risks
associated
with
Inter-Fund
Program
for
both
the
lending
fund
and
the
borrowing
fund.
However,
no
borrowing
or
lending
activity
is
without
risk.
When
a
fund
borrows
money
from
another
fund,
there
is
a
risk
that
the
loan
could
be
called
on
one
day’s
notice
or
not
renewed,
in
which
case
the
fund
may
have
to
borrow
from
a
bank
at
a
higher
rate
or
take
other
actions
to
payoff
such
loan
if
an
inter-fund
loan
is
not
available
from
another
fund.
Any
delay
in
repayment
to
a
lending
fund
could
result
in
a
lost
investment
opportunity
or
additional
borrowing
costs.
During
the
current
reporting
period,
none
of
the
Funds
covered
by
this
shareholder
report
have
entered
into
any
inter-fund
loan
activity.
Fund
Maximum
Outstanding
Balance
NIM
$
NXP
3,860,765
Fund
Utilization
Period
(Days
Outstanding)
Average
Daily
Balance
Outstanding
Average
Annual
Interest
Rate
NIM
$
%
NXP
5
3,120,621
6.80
68
Risk
Considerations
(Unaudited)
Risk
Considerations
Fund
shares
are
not
guaranteed
or
endorsed
by
any
bank
or
other
insured
depository
institution,
and
are
not
federally
insured
by
the
Federal
Deposit
Insurance
Corporation.
Nuveen
Select
Maturities
Municipal
Fund
(NIM)
Investing
in
closed-end
funds
involves
risk;
principal
loss
is
possible.
There
is
no
guarantee
the
Fund’s
investment
objectives
will
be
achieved.
Closed-end
fund
shares
may
frequently
trade
at
a
discount
or
premium
to
their
net
asset
value.
Debt
or
fixed
income
securities
such
as
those
held
by
the
Fund,
are
subject
to
market
risk,
credit
risk,
interest
rate
risk,
derivatives
risk,
liquidity
risk,
and
income
risk.
As
interest
rates
rise,
bond
prices
fall.
These
and
other
risk
considerations
such
as
tax
risk
are
described
in
more
detail
on
the
Fund’s
web
page
at
www.nuveen.com/NIM.
Nuveen
Select
Tax-Free
Income
Portfolio
(NXP)
Investing
in
closed-end
funds
involves
risk;
principal
loss
is
possible.
There
is
no
guarantee
the
Fund’s
investment
objectives
will
be
achieved.
Closed-end
fund
common
shares
may
frequently
trade
at
a
discount
or
premium
to
their
net
asset
value.
Debt
or
fixed
income
securities
such
as
those
held
by
the
Fund,
are
subject
to
market
risk,
credit
risk,
interest
rate
risk,
derivatives
risk,
liquidity
risk,
and
income
risk.
As
interest
rates
rise,
bond
prices
fall.
These
and
other
risk
considerations
such
as
tax
risk
are
described
in
more
detail
on
the
Fund’s
web
page
at
www.nuveen.com/NXP.
69
Additional
Fund
Information
(Unaudited)
Portfolio
of
Investments
Information
The
Fund
is
required
to
file
its
complete
schedule
of
portfolio
holdings
with
the
Securities
and
Exchange
Commission
(SEC)
for
the
first
and
third
quarters
of
each
fiscal
year
as
an
exhibit
to
its
report
on
Form
N-PORT.
You
may
obtain
this
information
on
the
SEC’s
website
at
http://www.sec.gov.
Nuveen
Funds’
Proxy
Voting
Information
You
may
obtain
(i)
information
regarding
how
each
fund
voted
proxies
relating
to
portfolio
securities
held
during
the
most
recent
twelve-month
period
ended
June
30,
without
charge,
upon
request,
by
calling
Nuveen
toll-free
at
(800)
257-8787
or
on
Nuveen’s
website
at
www.nuveen.com
and
(ii)
a
description
of
the
policies
and
procedures
that
each
fund
used
to
determine
how
to
vote
proxies
relating
to
portfolio
securities
without
charge,
upon
request,
by
calling
Nuveen
toll-free
at
(800)
257-8787.
You
may
also
obtain
this
information
directly
from
the
SEC.
Visit
the
SEC
on-line
at
http://www.sec.gov.
CEO
Certification
Disclosure
The
Fund’s
Chief
Executive
Officer
(CEO)
has
submitted
to
the
New
York
Stock
Exchange
(NYSE)
the
annual
CEO
certification
as
required
by
Section
303A.12(a)
of
the
NYSE
Listed
Company
Manual.
Each
Fund
has
filed
with
the
SEC
the
certification
of
its
CEO
and
Chief
Financial
Officer
required
by
Section
302
of
the
Sarbanes-Oxley
Act.
Common
Share
Repurchases
Each
Fund
intends
to
repurchase,
through
its
open-market
share
repurchase
program,
shares
of
its
own
common
stock
at
such
times
and
in
such
amounts
as
is
deemed
advisable.
During
the
period
covered
by
this
report,
each
Fund
repurchased
shares
of
its
common
stock
as
shown
in
the
accompanying
table.
Any
future
repurchases
will
be
reported
to
shareholders
in
the
next
annual
or
semi-annual
report.
FINRA
BrokerCheck
:
The
Financial
Industry
Regulatory
Authority
(FINRA)
provides
information
regarding
the
disciplinary
history
of
FINRA
member
firms
and
associated
investment
professionals.
This
information
as
well
as
an
investor
brochure
describing
FINRA
BrokerCheck
is
available
to
the
public
by
calling
the
FINRA
BrokerCheck
Hotline
number
at
(800)
289-9999
or
by
visiting
www.FINRA.org.
Board
of
Trustees
Jack
B.
Evans
William
C.
Hunter
Amy
B.R.
Lancellotta
Joanne
T.
Medero
Albin
F.
Moschner
John
K.
Nelson
Matthew
Thornton
III
Terence
J.
Toth
Margaret
L.
Wolff
Robert
L.
Young
Investment
Adviser
Nuveen
Fund
Advisors,
LLC
333
West
Wacker
Drive
Chicago,
IL
60606
Custodian
State
Street
Bank
&
Trust
Company
One
Congress
Street
Suite
1
Boston,
MA
02114-2016
Legal
Counsel
Chapman
and
Cutler
LLP
Chicago,
IL
60603
Independent
Registered
Public
Accounting
Firm
KPMG
LLP
200
East
Randolph
Street
Chicago,
IL
60601
Transfer
Agent
and
Shareholder
Services
Computershare
Trust
Company,
N.A.
150
Royall
Street
Canton,
MA
02021
(800)
257-8787
NIM
NXP
Common
shares
repurchased
0
0
70
Glossary
of
Terms
Used
in
this
Report
(Unaudited)
Average
Annual
Total
Return
:
This
is
a
commonly
used
method
to
express
an
investment’s
performance
over
a
particular,
usually
multi-year
time
period.
It
expresses
the
return
that
would
have
been
necessary
each
year
to
equal
the
investment’s
actual
cumulative
performance
(including
change
in
NAV
or
offer
price
and
reinvested
dividends
and
capital
gains
distributions,
if
any)
over
the
time
period
being
considered.
Net
Asset
Value
(NAV)
Per
Share:
A
fund’s
Net
Assets
is
equal
to
its
total
assets
(securities,
cash,
accrued
earnings
and
receivables)
less
its
total
liabilities.
NAV
per
share
is
equal
to
the
fund’s
Net
Assets
divided
by
its
number
of
shares
outstanding.
Pre-Refunded
Bond/Pre-Refunding
:
Pre-Refunded
Bond/Pre-Refunding,
also
known
as
advanced
refundings
or
refinancings,
is
a
procedure
used
by
state
and
local
governments
to
refinance
municipal
bonds
to
lower
interest
expenses.
The
issuer
sells
new
bonds
with
a
lower
yield
and
uses
the
proceeds
to
buy
U.S.
Treasury
securities,
the
interest
from
which
is
used
to
make
payments
on
the
higher-yielding
bonds.
Because
of
this
collateral,
pre-refunding
generally
raises
a
bond’s
credit
rating
and
thus
its
value.
Tax
Obligation/General
Bonds:
Bonds
backed
by
the
general
revenues
of
an
issuer,
including
taxes,
where
the
issuer
has
the
ability
to
increase
taxes
by
an
unlimited
amount
to
pay
the
bonds
back.
Tax
Obligation/Limited
Bonds:
Bonds
backed
by
the
general
revenues
of
an
issuer,
including
taxes,
where
the
issuer
doesn’t
have
the
ability
to
increase
taxes
by
an
unlimited
amount
to
pay
the
bonds
back
.
Annual
Investment
Management
Agreement
Approval
Process
(Unaudited)
71
At
a
meeting
held
on
May
23-25,
2023
(the
“May
Meeting”),
the
Boards
of
Trustees
(collectively,
the
“Board”
and
each
Trustee,
a
“Board
Member”)
of
the
Funds,
which
are
comprised
entirely
of
Board
Members
who
are
not
“interested
persons”
(as
defined
under
the
Investment
Company
Act
of
1940
(the
“1940
Act”))
(the
“Independent
Board
Members”),
approved,
for
their
respective
Fund,
the
renewal
of
the
management
agreement
(each,
an
“Investment
Management
Agreement”)
with
Nuveen
Fund
Advisors,
LLC
(the
“Adviser”)
pursuant
to
which
the
Adviser
serves
as
investment
adviser
to
such
Fund
and
the
sub-advisory
agreement
(each,
a
“Sub-Advisory
Agreement”)
with
Nuveen
Asset
Management,
LLC
(the
“Sub-
Adviser”)
pursuant
to
which
the
Sub-Adviser
serves
as
the
sub-adviser
to
such
Fund
for
an
additional
one-year
term.
As
the
Board
is
comprised
of
all
Independent
Board
Members,
the
references
to
the
Board
and
the
Independent
Board
Members
are
interchangeable.
Following
up
to
an
initial
two-year
period,
the
Board
considers
the
renewal
of
each
Investment
Management
Agreement
and
Sub-Advisory
Agreement
on
behalf
of
the
applicable
Fund
on
an
annual
basis.
The
Investment
Management
Agreements
and
Sub-Advisory
Agreements
are
collectively
referred
to
as
the
“Advisory
Agreements,”
and
the
Adviser
and
the
Sub-Adviser
are
collectively,
the
“Fund
Advisers”
and
each,
a
“Fund
Adviser.”
The
Independent
Board
Members
considered
the
review
of
the
advisory
agreements
for
the
Nuveen
funds
to
be
an
ongoing
process
and
employed
the
accumulated
information,
knowledge
and
experience
the
Board
Members
had
gained
during
their
tenure
on
the
boards
governing
the
Nuveen
funds
and
working
with
the
Adviser
and
the
applicable
sub-advisers
in
their
annual
review
of
the
advisory
agreements.
Throughout
the
year,
the
Board
and
its
committees
meet
regularly
and,
at
these
meetings,
receive
regular
and/or
special
reports
that
cover
an
extensive
array
of
topics
and
information
that
are
relevant
to
the
Board’s
annual
consideration
of
the
renewal
of
the
advisory
agreements
for
the
Nuveen
funds.
Such
information
may
address,
among
other
things,
fund
performance
and
risk
information;
the
Adviser’s
strategic
plans;
product
initiatives
for
various
funds;
the
review
of
the
funds
and
investment
teams;
compliance,
regulatory
and
risk
management
matters;
the
trading
practices
of
the
various
sub-advisers
to
the
Nuveen
funds;
management
of
distributions;
valuation
of
securities;
fund
expenses;
securities
lending;
liquidity
management;
overall
market
and
regulatory
developments;
and
with
respect
to
closed-end
funds,
capital
management
initiatives,
institutional
ownership,
management
of
leverage
financing
and
the
secondary
market
trading
of
the
closed-end
funds
and
any
actions
to
address
discounts.
The
Board
also
seeks
to
meet
periodically
with
the
Nuveen
funds’
sub-advisers
and/or
portfolio
teams,
when
feasible.
The
presentations,
discussions,
and
meetings
throughout
the
year
also
provide
a
means
for
the
Board
to
evaluate
the
level,
breadth
and
quality
of
services
provided
by
the
Adviser
and
how
such
services
have
changed
over
time
in
light
of
new
or
modified
regulatory
requirements,
changes
to
market
conditions
or
other
factors.
In
connection
with
its
annual
consideration
of
the
advisory
agreements
for
the
Nuveen
funds,
the
Board,
through
its
independent
legal
counsel,
requested
and
received
extensive
materials
and
information
prepared
specifically
for
its
review
of
such
advisory
agreements
by
the
Adviser
and
by
Broadridge
Financial
Solutions,
Inc.
(“Broadridge”),
an
independent
provider
of
investment
company
data.
The
materials
cover
a
wide
range
of
topics
including,
but
not
limited
to,
a
description
of
the
nature,
extent
and
quality
of
services
provided
by
the
Fund
Advisers;
a
review
of
product
actions
advanced
in
2022
for
the
benefit
of
particular
Nuveen
funds
and/or
the
Nuveen
fund
complex;
a
review
of
each
sub-adviser
to
the
Nuveen
funds
and/or
the
applicable
investment
team;
an
analysis
of
fund
performance
with
a
focus
on
any
Nuveen
funds
considered
performance
outliers;
an
analysis
of
the
fees
and
expense
ratios
of
the
Nuveen
funds
with
a
focus
on
any
Nuveen
funds
considered
expense
outliers;
a
review
of
management
fee
schedules;
a
description
of
portfolio
manager
compensation;
an
overview
of
the
secondary
market
trading
of
shares
of
the
Nuveen
closed-end
funds
(including,
among
other
things,
an
analysis
of
secondary
market
performance
and
commentary
regarding
the
leverage
management,
share
repurchase
and
shelf
offering
programs
of
Nuveen
closed-end
funds);
a
description
of
the
profitability
or
financial
data
of
Nuveen
and
the
sub-advisers
to
the
Nuveen
funds;
and
a
description
of
indirect
benefits
received
by
the
Adviser
and
the
sub-advisers
as
a
result
of
their
relationships
with
the
Nuveen
funds.
The
information
prepared
specifically
for
the
annual
review
supplemented
the
information
provided
to
the
Board
and
its
committees
and
the
evaluations
of
the
Nuveen
funds
by
the
Board
and
its
committees
during
the
year.
The
Board’s
review
of
the
advisory
agreements
for
the
Nuveen
funds
is
based
on
all
the
information
provided
to
the
Board
and
its
committees
throughout
the
year
as
well
as
the
information
prepared
specifically
with
respect
to
the
annual
review
of
such
advisory
agreements.
The
performance,
fee
and
expense
data
and
other
information
provided
by
a
Fund
Adviser,
Broadridge
or
other
service
providers
were
not
independently
verified
by
the
Independent
Board
Members.
As
part
of
its
review,
the
Board
met
on
April
11-12,
2023
(the
“April
Meeting”)
to
review
and
discuss,
in
part,
the
performance
of
the
Nuveen
funds
and
the
Adviser’s
evaluation
of
each
sub-adviser
to
the
Nuveen
funds
and/or
its
investment
teams.
At
the
April
Meeting,
the
Board
Members
asked
questions
and
requested
additional
information
that
was
provided
for
the
May
Meeting.
The
Independent
Board
Members
were
advised
by
independent
legal
counsel
during
the
annual
review
process
as
well
as
throughout
the
year,
including
meeting
in
executive
sessions
with
such
counsel
at
which
no
representatives
from
the
Adviser
or
the
Sub-Adviser
were
present.
In
connection
with
their
annual
review,
the
Independent
Board
Members
also
received
a
memorandum
from
independent
legal
counsel
outlining
their
fiduciary
duties
and
legal
standards
in
reviewing
the
Advisory
Agreements,
including
guidance
from
court
cases
evaluating
advisory
fees.
The
Board’s
decision
to
renew
the
Advisory
Agreements
was
not
based
on
a
single
identified
factor,
but
rather
the
decision
reflected
the
comprehensive
consideration
of
all
the
information
provided
to
the
Board
and
its
committees
throughout
the
year
as
well
as
the
materials
prepared
specifically
in
connection
with
the
renewal
process.
The
contractual
arrangements
are
a
result
of
multiple
years
of
review,
negotiation
and
information
provided
in
connection
with
the
Board’s
annual
review
of
the
Nuveen
funds’
advisory
arrangements
and
oversight
of
the
Nuveen
funds.
Each
Board
Member
may
have
attributed
different
levels
of
importance
to
the
various
factors
and
information
considered
in
connection
with
the
approval
process
and
may
place
different
emphasis
on
the
relevant
information
year
to
year
in
light
of,
among
other
things,
changing
market
and
economic
conditions.
A
summary
of
the
principal
factors
and
information,
but
not
all
the
factors,
the
Board
considered
in
deciding
to
renew
the
Advisory
Agreements
is
set
forth
below.
72
Annual
Investment
Management
Agreement
Approval
Process
(Unaudited)
(continued)
A.
Nature,
Extent
and
Quality
of
Services
In
evaluating
the
renewal
of
the
Advisory
Agreements,
the
Independent
Board
Members
received
and
considered
information
regarding
the
nature,
extent
and
quality
of
the
applicable
Fund
Adviser’s
services
provided
to
the
respective
Fund
with
particular
focus
on
the
services
and
enhancements
or
changes
to
such
services
provided
during
the
last
year.
The
Independent
Board
Members
considered
the
Investment
Management
Agreements
and
the
Sub-Advisory
Agreements
separately
in
the
course
of
their
review.
With
this
approach,
they
considered
the
respective
roles
of
the
Adviser
and
the
Sub-Adviser
in
providing
services
to
the
Funds.
The
Board
recognized
that
the
Adviser
provides
a
wide
array
of
management,
oversight
and
administrative
services
to
manage
and
operate
the
Nuveen
funds
and
that
the
scope
and
complexity
of
these
services,
along
with
the
undertakings
required
of
the
Adviser
in
connection
with
providing
these
services,
have
expanded
over
time
as
a
result
of,
among
other
things,
regulatory,
market
and
other
developments.
The
Board
noted
the
Adviser’s
dedication
of
resources,
time,
personnel
and
capital
and
commitment
to
continuing
to
develop
improvements
and
innovations
that
seek
to
enhance
the
Nuveen
fund
complex
and
meet
the
needs
of
the
Nuveen
funds
in
an
increasingly
complex
regulatory
environment.
The
Board
received
and
reviewed
information
regarding,
among
other
things,
the
Adviser’s
investment
oversight
responsibilities,
regulatory
and
compliance
services,
administrative
duties
and
other
services.
The
Board
considered
the
breadth
and
the
quality
of
the
services
the
Adviser
and
its
various
teams
provide
in
overseeing
the
investment
management
of
the
Nuveen
funds,
including,
among
other
things,
overseeing
and
reviewing
the
services
provided
by
the
various
sub-advisers
to
the
Nuveen
funds
and
their
investment
teams;
evaluating
fund
performance
and
market
conditions;
overseeing
operational
and
investment
risks;
evaluating
investment
strategies
and
recommending
any
changes
thereto;
managing
liquidity;
managing
the
daily
valuation
of
portfolio
securities;
overseeing
trade
execution
and
securities
lending;
and
setting
and
managing
distributions
consistent
with
the
respective
fund’s
product
design.
With
respect
to
closed-end
funds,
such
services
also
include
managing
leverage;
monitoring
asset
coverage
levels
for
leveraged
funds
and
compliance
with
rating
agency
criteria;
providing
capital
management
and
secondary
market
services
(such
as
implementing
common
share
shelf
offerings,
capital
return
programs
and
common
share
repurchases);
and
maintaining
a
closed-end
fund
investor
relations
program.
The
Board
also
reviewed
the
structure
of
investment
personnel
compensation
of
each
Fund
Adviser
and
considered
whether
the
structure
provides
appropriate
incentives
to
attract
and
maintain
qualified
personnel
and
to
act
in
the
best
interests
of
the
respective
Nuveen
fund.
Given
the
Nuveen
funds
operate
in
a
highly
regulated
industry,
the
Board
further
considered
the
extensive
compliance,
regulatory
and
administrative
services
the
Adviser
and
its
various
teams
provide
to
manage
and
operate
the
Nuveen
funds.
The
Board
recognized
such
services
included,
but
were
not
limited
to,
managing
compliance
policies;
monitoring
compliance
with
applicable
policies,
laws
and
regulations;
devising
internal
compliance
programs
in
seeking
to
enhance
compliance
with
regulatory
requirements
and
creating
a
framework
to
review
and
assess
compliance
programs;
overseeing
sub-adviser
compliance
testing;
preparing
compliance
training
materials;
and
responding
to
regulatory
requests.
The
Board
reviewed
highlights
of
the
various
initiatives
Nuveen
compliance
had
taken
in
2022
including,
among
other
things,
additional
due
diligence
of
service
providers
as
their
operating
environments
evolve
post-Covid
to
more
hybrid
in-person
working
arrangements;
investments
in
supporting
and
expanding
international
trading
capabilities;
continuing
efforts
to
enhance
policies
and
controls
to
address
compliance
risks
including
those
related
to
environmental,
social
and
governance
(“ESG”)
matters
and
new
regulatory
developments
or
guidance;
and
establishing
and
maintaining
compliance
policies
and
comprehensive
compliance
training
programs.
The
Board
also
considered
information
regarding
the
Adviser’s
business
continuity,
disaster
recovery
and
information
security
programs
and
the
periodic
testing
and
review
of
such
programs.
In
addition
to
the
above
functions,
the
Board
considered
the
quality
and
extent
of
other
non-advisory
services
the
Adviser
provides
including,
among
other
things,
various
fund
administration
services
(such
as
preparing,
overseeing
or
assisting
with
the
preparation
of
tax
and
regulatory
filings);
product
management
services
(such
as
evaluating
and
enhancing
products
and
strategies);
legal
support
services;
shareholder
services
and
transfer
agency
function
oversight
services;
and
board
support
and
reporting
services.
With
respect
to
board
support
services,
the
Board
reviewed
a
summary
of
the
annual,
quarterly,
and
special
reports
the
Adviser
and/or
its
affiliates
provided
to
the
Board
throughout
2022.
The
Board
further
acknowledged
various
initiatives
the
Adviser
had
undertaken
or
continued
in
2022
in
seeking
to
improve
the
effectiveness
of
its
organization,
the
Nuveen
funds
product
line-up
as
well
as
particular
Nuveen
fund(s)
through,
among
other
things,
rationalizing
the
product
line
and
gaining
efficiencies
through
mergers,
repositionings
and
liquidations;
launching
new
funds;
reviewing
and
updating
investment
policies
and
benchmarks;
reopening
certain
funds
previously
closed
to
new
investors;
adding
or
modifying
the
share
classes
offered
by
certain
funds;
implementing
fee
waivers
and
expense
cap
changes
for
certain
funds
and
evaluating
and
adjusting
portfolio
management
teams
as
appropriate
for
various
funds;
and
developing
policy
positions
on
a
broad
range
of
regulatory
proposals
that
may
impact
the
funds
and
communicating
with
lawmakers
and
other
regulatory
authorities
to
help
ensure
these
positions
are
represented.
Aside
from
the
services
provided,
the
Board
recognized
the
financial
resources
of
the
Adviser
and
its
affiliates
and
their
willingness
to
make
investments
in
the
technology,
personnel
and
infrastructure
to
support
the
Nuveen
funds,
including
maintaining
a
seed
capital
budget
to
support
new
or
existing
funds
and/or
facilitate
changes
for
a
respective
fund.
The
Board
noted
the
benefits
to
shareholders
of
investing
in
a
fund
that
is
a
part
of
a
large
fund
complex
with
a
variety
of
investment
disciplines,
capabilities,
expertise
and
resources
available
to
navigate
and
support
the
Nuveen
funds
including
during
stressed
times.
The
Board
recognized
the
overall
reputation
and
capabilities
of
the
Adviser
and
its
affiliates,
the
Adviser’s
continuing
commitment
to
provide
high
quality
services,
its
willingness
to
implement
operational
or
organizational
changes
in
seeking,
among
other
things,
to
enhance
efficiencies
and
services
to
the
Nuveen
funds
and
its
responsiveness
to
the
Board’s
questions
and/or
concerns
raised
throughout
the
year
and
during
the
annual
review
of
advisory
agreements.
The
Board
also
considered
the
significant
risks
borne
by
the
Adviser
and
its
affiliates
in
connection
with
their
services
to
the
Nuveen
funds,
including
entrepreneurial
risks
in
sponsoring
new
funds
and
ongoing
risks
with
managing
the
funds
such
as
investment,
operational,
reputational,
regulatory,
compliance
and
litigation
risks.
The
Board
further
considered
the
division
of
responsibilities
between
the
Adviser
and
the
Sub-Adviser
and
recognized
that
the
Sub-Adviser
and
its
investment
personnel
generally
are
responsible
for
the
management
of
each
Fund’s
portfolio
under
the
oversight
of
the
Adviser
and
the
Board.
The
Board
considered
an
analysis
of
the
Sub-Adviser
provided
by
the
Adviser
which
included,
among
other
things,
the
assets
under
management
of
the
applicable
investment
team
and
changes
thereto,
a
summary
of
the
applicable
investment
team
and
changes
to
such
team,
the
investment
process
73
and
philosophy
of
the
applicable
investment
team,
the
performance
of
the
Nuveen
funds
sub-advised
by
the
Sub-Adviser
over
various
periods
of
time
and
a
summary
of
any
significant
policy
and/or
other
changes
to
the
Nuveen
funds
sub-advised
by
the
Sub-Adviser.
The
Board
further
considered
at
the
May
Meeting
or
prior
meetings
evaluations
of
the
Sub-Adviser’s
compliance
programs
and
trade
execution.
The
Board
noted
that
the
Adviser
recommended
the
renewal
of
the
Sub-Advisory
Agreements.
Based
on
its
review,
the
Board
determined,
in
the
exercise
of
its
reasonable
business
judgment,
that
it
was
satisfied
with
the
nature,
extent
and
quality
of
services
provided
to
the
respective
Funds
under
each
applicable
Advisory
Agreement.
B.
The
Investment
Performance
of
the
Funds
and
Fund
Advisers
In
evaluating
the
quality
of
the
services
provided
by
the
Fund
Advisers,
the
Board
also
considered
a
variety
of
investment
performance
data
of
the
Nuveen
funds
prepared
specifically
for
the
annual
review
of
the
advisory
agreements
as
well
as
the
performance
data
the
Board
received
throughout
the
year
representing
different
time
periods.
In
this
regard,
leading
into
the
May
Meeting,
the
Board
reviewed,
among
other
things,
Fund
performance
over
the
quarter,
one-,
three-
and
five-year
periods
ending
December 31,
2022
and
March
31,
2023.
In
addition,
the
Board
reviewed
and
discussed
performance
data
at
its
regularly
scheduled
quarterly
meetings
during
the
year.
The
Board
therefore
took
into
account
the
performance
data,
presentations
and
discussions
(written
and
oral)
that
have
been
provided
for
the
annual
review
as
well
as
in
prior
meetings
over
time
in
evaluating
fund
performance,
including
the
Adviser’s
analysis
of
a
fund’s
performance
with
particular
focus
on
performance
outliers
(both
overperformance
and
underperformance),
the
factors
contributing
to
performance
(including
relative
to
a
fund’s
benchmark
and
peers
and
the
impact
of
market
conditions)
and
any
recommendations
or
steps
that
had
been
taken
or
were
proposed
to
be
taken
to
address
significant
performance
concerns.
In
this
regard,
the
Board
noted,
among
other
things,
that
certain
Nuveen
funds
had
changes
in
portfolio
managers
or
other
significant
changes
to
their
investment
strategies
or
policies
since
March
2020,
and,
as
a
result,
the
Board
reviewed
certain
tracking
performance
data
comparing
the
performance
of
such
funds
before
and
after
such
changes.
The
Board
recognized
that
performance
data
reflects
performance
over
a
specified
period
which
may
differ
significantly
depending
on
the
ending
dates
selected,
particularly
during
periods
of
market
volatility.
Further,
the
Board
noted
that
shareholders
may
evaluate
performance
based
on
their
own
respective
holding
periods
which
may
differ
from
the
performance
periods
reviewed
by
the
Board
and
lead
to
differing
results.
In
its
evaluation,
the
Board
reviewed
Nuveen
fund
performance
results
from
different
perspectives.
In
general,
subject
to
certain
exceptions,
the
Board
reviewed
both
absolute
and
relative
fund
performance
during
the
annual
review
over
the
various
time
periods
and
evaluated
performance
results
in
light
of
a
fund’s
investment
objective(s),
strategies
and
risks.
With
respect
to
the
relative
performance,
the
Board
considered
fund
performance
in
comparison
to
the
performance
of
peer
funds
(the
“Performance
Peer
Group”)
and
recognized
and/or
customized
benchmarks
(i.e.,
generally
benchmarks
derived
from
multiple
recognized
benchmarks).
In
reviewing
such
comparative
performance,
the
Board
was
cognizant
of
the
inherent
limitations
of
such
data
which
can
make
meaningful
performance
comparisons
generally
difficult.
As
an
illustration,
differences
in
the
composition
of
the
Performance
Peer
Group,
the
investment
objective(s),
strategies
and
other
characteristics
of
the
peers
in
the
Performance
Peer
Group,
the
level,
type
and
cost
of
leverage
(if
any)
of
the
peers,
and
the
varying
sizes
of
peers
all
may
contribute
to
differences
in
the
performance
results
of
a
Performance
Peer
Group
compared
to
the
applicable
Nuveen
fund.
With
respect
to
relative
performance
of
a
Nuveen
fund
compared
to
a
benchmark
index,
differences,
among
other
things,
in
the
investment
objective(s)
and
strategies
of
a
fund
and
the
benchmark
(particularly
an
actively
managed
fund
that
does
not
directly
follow
an
index)
as
well
as
the
costs
of
operating
a
fund
would
necessarily
contribute
to
differences
in
performance
results
and
limit
the
value
of
the
comparative
performance
information.
To
assist
the
Board
in
its
review
of
the
comparability
of
the
relative
performance,
the
Adviser
has
ranked
the
relevancy
of
the
peer
group
to
the
Funds
as
low,
medium
or
high.
The
secondary
market
trading
of
shares
of
the
Nuveen
closed-end
funds
also
continues
to
be
a
priority
for
the
Board
given
its
importance
to
shareholders,
and
therefore
the
Board
and/or
its
Closed-end
Fund
committee
reviews
certain
performance
data
reflecting,
among
other
things,
the
premiums
and
discounts
at
which
the
shares
of
the
Nuveen
closed-end
funds
have
traded
over
specified
periods
throughout
the
year.
In
its
review,
the
Board
considers,
among
other
things,
changes
to
investment
mandates
and
guidelines,
distribution
policies,
leverage
levels
and
types;
share
repurchases
and
similar
capital
market
actions;
and
effective
communications
programs
to
build
greater
awareness
and
deepen
understanding
of
closed-end
funds.
As
applicable,
the
Board
considered
the
impact
of
leverage
on
a
Nuveen
fund’s
performance.
The
Board
further
acknowledged
that
performance
results
should
include
the
distribution
yields
of
funds
that
seek
to
provide
income
as
part
of
their
investment
objective(s)
to
shareholders.
In
this
regard,
the
Board
considered
that
the
use
of
leverage
by
various
funds
may
have
detracted
from
total
return
performance
of
such
funds
over
various
periods
in
current
market
conditions,
but
the
leverage
also
was
accretive
in
helping
to
provide
income.
The
Board
also
evaluated
Nuveen
fund
performance
in
light
of
various
relevant
factors
which
may
include,
among
other
things,
general
market
conditions,
issuer-specific
information,
asset
class
information,
leverage
and
fund
cash
flows.
The
Board
acknowledged
that
long-term
performance
could
be
impacted
by
even
one
period
of
significant
outperformance
or
underperformance
and
that
a
single
investment
theme
could
disproportionately
affect
performance.
Further,
the
Board
recognized
that
the
market
and
economic
conditions
may
significantly
impact
a
fund’s
performance,
particularly
over
shorter
periods,
and
such
performance
may
be
more
reflective
of
such
economic
or
market
events
and
not
necessarily
reflective
of
management
skill.
Although
the
Board
reviews
short-,
intermediate-
and
longer-term
performance
data,
the
Board
recognized
that
longer
periods
of
performance
may
reflect
full
market
cycles.
In
relation
to
recent
general
market
conditions,
the
Board
had
recognized
the
general
market
volatility
and
underperformance
of
the
market
in
2022
in
considering
Nuveen
fund
performance.
The
Board
took
into
account
the
Adviser’s
assessment
of
a
fund’s
performance
during
the
recent
period
of
significant
market
volatility.
In
their
review
from
year
to
year,
the
Board
Members
consider
and
may
place
different
emphasis
on
the
relevant
information
in
light
of
changing
circumstances
in
market
and
economic
conditions.
In
evaluating
performance,
the
Board
focused
particular
attention
on
funds
with
less
favorable
performance
records.
However,
depending
on
the
facts
and
circumstances
including
any
differences
between
the
respective
fund
and
its
benchmark
and/or
Performance
Peer
Group,
the
Board
may
be
satisfied
with
a
fund’s
performance
notwithstanding
74
Annual
Investment
Management
Agreement
Approval
Process
(Unaudited)
(continued)
that
its
performance
may
be
below
that
of
its
benchmark
and/or
peer
group
for
certain
periods.
With
respect
to
any
funds
for
which
the
Board
has
identified
performance
issues,
the
Board
seeks
to
monitor
such
funds
closely
until
performance
improves,
discusses
with
the
Adviser
the
reasons
for
such
results,
considers
whether
any
steps
are
necessary
or
appropriate
to
address
such
issues,
and
reviews
the
results
of
any
steps
undertaken.
The
Board’s
determinations
with
respect
to
each
Fund
are
summarized
below.
For
Nuveen
Select
Maturities
Municipal
Fund
(the
“Select
Maturities
Fund”),
the
Board
noted
that
although
the
Fund’s
performance
was
below
the
performance
of
its
benchmark
for
the
one-year
periods
ended
December
31,
2022
and
March
31,
2023,
the
Fund
outperformed
its
benchmark
for
the
three-
and
five-year
periods
ended
December
31,
2022
and
March
31,
2023.
In
addition,
the
Fund
ranked
in
the
first
quartile
of
its
Performance
Peer
Group
for
the
one-
and
three-year
periods
and
second
quartile
for
the
five-year
periods
ended
December
31,
2022
and
March
31,
2023.
In
its
review,
the
Board
noted
that
the
Performance
Peer
Group
was
classified
as
low
for
relevancy.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
in
light
of
these
factors,
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreements.
For
Nuveen
Select
Tax-Free
Income
Portfolio
(the
“Select
Tax-Free
Income
Fund”),
the
Board
noted
that
although
the
Fund’s
performance
was
below
the
performance
of
its
benchmark
for
the
one-year
period
ended
December
31,
2022,
the
Fund
outperformed
its
benchmark
for
the
three-
and
five-year
periods
ended
December
31,
2022.
The
Fund
also
ranked
in
the
second
quartile
of
its
Performance
Peer
Group
for
the
one-
and
three-year
periods
ended
December 31,
2022
and
first
quartile
for
the
five-year
period
ended
December
31,
2022.
In
addition,
the
Fund
outperformed
its
benchmark
for
the
one-,
three-
and
five-year
periods
ended
March
31,
2023
and
ranked
in
the
second
quartile
of
its
Performance
Peer
Group
for
the
one-
and
three-year
periods
ended
March
31,
2023
and
first
quartile
for
the
five-year
period
ended
March
31,
2023.
In
its
review,
the
Board
noted
that
the
Performance
Peer
Group
was
classified
as
low
for
relevancy.
On
the
basis
of
the
Board’s
ongoing
review
of
investment
performance
and
all
relevant
factors,
including
the
relative
market
conditions
during
certain
reporting
periods,
the
Fund’s
investment
objective(s)
and
management’s
discussion
of
performance,
the
Board
concluded
that
in
light
of
these
factors,
the
Fund’s
performance
supported
renewal
of
the
Advisory
Agreements.
C.
Fees,
Expenses
and
Profitability
1.
Fees
and
Expenses
As
part
of
its
annual
review,
the
Board
generally
reviewed,
among
other
things,
with
respect
to
the
Nuveen
closed-end
funds,
the
contractual
management
fee
and
actual
management
fee
(i.e.,
the
management
fee
after
taking
into
consideration
fee
waivers
and/or
expense
reimbursements,
if
any)
paid
by
a
fund
to
the
Adviser
in
light
of
the
nature,
extent
and
quality
of
the
services
provided.
The
Board
also
considered
the
total
operating
expense
ratio
of
a
fund
(after
any
fee
waivers
and/or
expense
reimbursements).
More
specifically,
the
Independent
Board
Members
reviewed,
among
other
things,
each
Nuveen
closed-end
fund’s
actual
management
fee
rate
(after
fee
waivers
and/or
expense
reimbursements,
if
any)
and
net
total
expense
ratio
in
relation
to
those
of
a
comparable
universe
of
funds
(the
“Peer
Universe”)
established
by
Broadridge.
The
Independent
Board
Members
reviewed
the
methodology
Broadridge
employed
to
establish
its
Peer
Universe
and
recognized
that
differences
between
the
applicable
fund
and
its
respective
Peer
Universe
as
well
as
changes
to
the
composition
of
the
Peer
Universe
from
year
to
year
may
limit
some
of
the
value
of
the
comparative
data.
The
Independent
Board
Members
take
these
limitations
and
differences
into
account
when
reviewing
comparative
peer
data.
The
Independent
Board
Members
also
considered
a
fund’s
operating
expense
ratio
as
it
more
directly
reflected
the
shareholder’s
costs
in
investing
in
the
respective
fund.
In
their
review,
the
Independent
Board
Members
considered,
in
particular,
each
Nuveen
fund
with
a
net
total
expense
ratio
(excluding
investment-related
costs
of
leverage
for
closed-end
funds)
of
six
basis
points
or
higher
compared
to
that
of
its
peer
average
(each,
an
“Expense
Outlier
Fund”),
including
the
Select
Maturities
Fund,
and
an
analysis
as
to
the
factors
contributing
to
each
such
fund’s
higher
relative
net
total
expense
ratio.
In
addition,
although
the
Board
reviewed
a
fund’s
total
net
expenses
both
including
and
excluding
investment-related
expenses
(i.e.,
leverage
costs)
for
certain
of
the
closed-end
funds,
the
Board
recognized
that
leverage
expenses
will
vary
across
funds
and
in
comparison
to
peers
because
of
differences
in
the
forms
and
terms
of
leverage
employed
by
the
respective
fund.
Accordingly,
in
reviewing
the
comparative
data
between
a
fund
and
its
peers,
the
Board
generally
considered
the
fund’s
net
total
expense
ratio
and
fees
(excluding
leverage
costs
and
leveraged
assets
for
the
closed-end
funds)
to
be
higher
if
they
were
over
10
basis
points
higher,
slightly
higher
if
they
were
6
to
10
basis
points
higher,
in
line
if
they
were
within
approximately
5
basis
points
higher
than
the
peer
average
and
below
if
they
were
below
the
peer
average
of
the
Peer
Universe.
The
Independent
Board
Members
also
considered,
in
relevant
part,
a
Nuveen
fund’s
management
fee
and
net
total
expense
ratio
in
light
of
its
performance
history,
including
reviewing
certain
funds
identified
by
the
Adviser
and/or
the
Board
as
having
a
higher
net
total
expense
ratio
or
management
fee
compared
to
their
respective
peers
coupled
with
experiencing
periods
of
challenged
performance
and
considering
the
reasons
for
such
comparative
positions.
In
addition,
with
respect
to
closed-end
funds
that
utilize
leverage,
the
Independent
Board
Members
recognized
that
certain
assets
attributable
to
a
fund’s
use
of
leverage
may
be
included
in
the
amount
of
assets
upon
which
the
advisory
fee
or
sub-advisory
fee
is
calculated.
The
Independent
Board
Members
acknowledged
the
fact
that
a
decision
to
employ
leverage
or
increase
a
fund’s
leverage
which
has
the
effect,
all
other
things
being
equal,
of
increasing
the
assets
upon
which
an
advisory
or
sub-
advisory
fee
is
based
(and,
in
turn,
increasing
the
Adviser’s
and
applicable
sub-adviser’s
management
fees),
means
that
the
Adviser
and
applicable
sub-adviser
may
have
a
conflict
of
interest
in
determining
whether
to
use
or
increase
leverage.
The
Independent
Board
Members
recognized,
however,
that
the
Adviser
and
sub-advisers
would
seek
to
manage
the
potential
conflict
by
recommending
to
the
Board
to
leverage
the
applicable
fund
or
increase
such
leverage
when
the
Adviser
and/or
sub-adviser,
as
applicable,
has
determined
that
such
action
would
be
in
the
best
interests
of
the
respective
fund
and
its
common
shareholders
and
by
periodically
reviewing
with
the
Board
the
fund’s
performance
and
the
impact
of
the
use
of
leverage
on
that
performance.
75
In
their
review
of
the
fee
arrangements
for
the
Nuveen
funds,
the
Independent
Board
Members
also
considered
the
management
fee
schedules,
including
the
complex-wide
and
fund-level
breakpoint
schedules,
as
applicable.
The
Board
noted
that
across
the
Nuveen
fund
complex,
the
complex-wide
fee
breakpoints
reduced
fees
by
approximately
$62.4
million
and
fund-level
breakpoints
reduced
fees
by
approximately
$76.1
million
in
2022.
With
respect
to
the
Sub-Adviser,
the
Board
also
considered,
among
other
things,
the
sub-advisory
fee
schedule
paid
to
the
Sub-Adviser
in
light
of
the
sub-advisory
services
provided
to
the
respective
Fund
and
comparative
data
of
the
fees
the
Sub-Adviser
charges
to
other
clients,
if
any.
In
its
review,
the
Board
recognized
that
the
compensation
paid
to
the
Sub-Adviser
is
the
responsibility
of
the
Adviser,
not
the
Funds.
The
Independent
Board
Members
noted
that
(a)
the
Select
Tax-Free
Income
Fund
had
an
actual
management
fee
and
a
net
total
expense
ratio
that
were
below
the
respective
peer
averages;
and
(b)
the
Select
Maturities
Fund
had
an
actual
management
fee
and
a
net
total
expense
ratio
that
were
higher
than
the
respective
peer
averages.
The
Independent
Board
Members
noted
that
the
Select
Maturities
Fund’s
net
total
expense
ratio
was
higher
than
the
average
of
the
Peer
Universe
primarily
due
to
the
odd
composition
of
the
Peer
Universe
which
contained
only
one
other
fund,
which
was
another
Nuveen
fund.
Based
on
its
review
of
the
information
provided,
the
Board
determined
that
each
Fund’s
management
fees
(as
applicable)
to
a
Fund
Adviser
were
reasonable
in
light
of
the
nature,
extent
and
quality
of
services
provided
to
the
Fund.
2.
Comparisons
with
the
Fees
of
Other
Clients
In
evaluating
the
appropriateness
of
fees,
the
Board
also
considered
information
regarding
the
fee
rates
the
respective
Fund
Advisers
charged
to
certain
other
types
of
clients
and
the
type
of
services
provided
to
these
other
clients.
With
respect
to
the
municipal
Nuveen
funds,
such
other
clients
may
include
retail
and
institutional
municipal
managed
accounts
sub-advised
by
the
Sub-Adviser,
municipal
exchange-traded
funds
(“ETFs”)
sub-advised
by
the
Sub-Adviser
that
are
offered
by
another
fund
complex,
municipal
managed
accounts
offered
by
an
unaffiliated
adviser
and
certain
municipal
private
limited
partnerships
offered
by
Nuveen.
The
Board
reviewed,
among
other
things,
the
fee
range
and
average
fee
of
municipal
retail
advisory
accounts
and
municipal
institutional
accounts,
the
sub-advisory
fee
the
Sub-Adviser
received
for
serving
as
sub-adviser
to
certain
municipal
ETFs
offered
outside
the
Nuveen
family
and
the
management
fee
rates
paid
by
the
municipal
private
limited
partnerships
operated
by
Nuveen.
In
considering
the
comparative
fee
data,
the
Board
recognized
that
differences,
including
but
not
limited
to,
the
amount,
type
and
level
of
services
provided
by
the
Adviser
to
the
Nuveen
funds
compared
to
that
provided
to
other
clients
as
well
as
differences
in
investment
policies;
eligible
portfolio
assets
and
the
manner
of
managing
such
assets;
product
structure;
investor
profiles;
account
sizes;
and
regulatory
requirements
contribute
to
the
variations
in
the
fee
schedules.
The
Board
acknowledged
the
wide
range
of
services
in
addition
to
investment
management
that
the
Adviser
had
provided
to
the
Nuveen
funds
compared
to
other
types
of
clients
as
well
as
the
increased
entrepreneurial,
legal
and
regulatory
risks
that
the
Adviser
incurs
in
sponsoring
and
managing
the
Nuveen
funds.
In
general,
higher
fee
levels
reflect
higher
levels
of
service
provided
by
the
Adviser,
increased
investment
management
complexity,
greater
product
management
requirements,
and
higher
levels
of
business
risk
or
some
combination
of
these
factors.
The
Board
further
considered
that
the
Sub-Adviser’s
fee
is
essentially
for
portfolio
management
services
and
therefore
more
comparable
to
the
fees
it
receives
for
retail
wrap
accounts
and
other
external
sub-advisory
mandates.
The
Board
concluded
the
varying
levels
of
fees
were
justified
given,
among
other
things,
the
more
extensive
services,
regulatory
requirements
and
legal
liabilities,
and
the
entrepreneurial,
legal
and
regulatory
risks
incurred
in
sponsoring
and
advising
a
registered
investment
company
compared
to
that
required
in
advising
other
types
of
clients.
3.
Profitability
of
Fund
Advisers
In
their
review,
the
Independent
Board
Members
considered
estimated
profitability
information
of
Nuveen
as
a
result
of
its
advisory
services
to
the
Nuveen
funds
as
well
as
profitability
data
of
other
publicly
traded
asset
management
firms.
Such
profitability
information
included,
among
other
things,
gross
and
net
revenue
margins
(excluding
distribution)
of
Nuveen
Investments,
Inc.
(“Nuveen
Investments”)
for
services
to
the
Nuveen
funds
on
a
pre-tax
and
after-tax
basis
for
the
2022
and
2021
calendar
years
as
well
as
the
revenues
earned
(less
any
expense
reimbursements/fee
waivers)
and
expenses
incurred
by
Nuveen
Investments
for
its
advisory
activities
to
the
Nuveen
funds
(excluding
distribution
and
certain
other
expenses)
for
the
2022
and
2021
calendar
years.
The
Independent
Board
Members
also
considered
a
summary
of
some
of
the
key
factors
that
impacted
Nuveen’s
profitability
in
2022.
In
addition,
the
Board
reviewed
the
revenues,
expenses
and
operating
margin
(pre-
and
after-tax)
the
Adviser
derived
from
its
ETF
product
line
for
the
2022
and
2021
calendar
years.
In
developing
the
profitability
data
of
the
Adviser
for
its
advisory
services
to
the
Nuveen
funds,
the
Independent
Board
Members
recognized
the
subjective
nature
of
calculating
profitability
as
the
information
is
not
audited
and
is
necessarily
dependent
on
cost
allocation
methodologies
to
allocate
expenses
throughout
the
complex
and
among
the
various
advisory
products.
Given
there
is
no
perfect
expense
allocation
methodology
and
that
other
reasonable
and
valid
allocation
methodologies
could
be
employed
and
could
lead
to
significantly
different
results,
the
Board
reviewed,
among
other
things,
a
description
of
the
cost
allocation
methodologies
employed
to
develop
the
financial
information,
a
summary
of
the
history
of
changes
to
the
methodology
over
the
years
from
2010
through
2022,
and
a
historical
expense
analysis
of
Nuveen
Investments’
revenues,
expenses
and
pre-tax
net
revenue
margins
derived
from
its
advisory
services
to
the
Nuveen
funds
(excluding
distribution)
for
the
calendar
years
from
2017
through
2022.
The
Board
had
also
appointed
four
Independent
Board
Members
to
serve
as
the
Board’s
liaisons,
with
the
assistance
of
independent
counsel,
to
meet
with
representatives
of
the
Adviser
and
review
the
development
of
the
profitability
data
and
to
report
to
the
full
Board.
76
Annual
Investment
Management
Agreement
Approval
Process
(Unaudited)
(continued)
In
addition,
the
Board
considered
certain
comparative
operating
margin
data.
In
this
regard,
the
Board
reviewed
the
operating
margins
of
Nuveen
Investments
compared
to
the
adjusted
operating
margins
of
a
peer
group
of
asset
management
firms
with
publicly
available
data
and
the
most
comparable
assets
under
management
(based
on
asset
size
and
asset
composition)
to
Nuveen.
The
Board
recognized
that
the
operating
margins
of
the
peers
were
adjusted
generally
to
address
that
certain
services
provided
by
the
peers
were
not
provided
by
Nuveen.
The
Board
also
reviewed,
among
other
things,
the
net
revenue
margins
(pre-tax)
of
Nuveen
Investments
on
a
company-wide
basis
and
the
net
revenue
margins
(pre-tax)
of
Nuveen
Investments
derived
from
its
services
to
the
Nuveen
funds
only
(including
and
excluding
distribution)
compared
to
the
adjusted
operating
margins
of
the
peer
group
for
each
calendar
year
from
2012
to
2022.
Although
the
total
company
operating
margins
of
Nuveen
Investments
were
in
the
bottom
half
of
the
peer
group
range
for
2022
and
2021,
the
Independent
Board
Members
recognized
the
limitations
of
the
comparative
data
given
that
peer
data
is
not
generally
public
and
the
calculation
of
profitability
is
subjective
and
affected
by
numerous
factors
(such
as
types
of
funds
a
peer
manages,
its
business
mix,
its
cost
of
capital,
the
numerous
assumptions
underlying
the
methodology
used
to
allocate
expenses
and
other
factors)
that
can
have
a
significant
impact
on
the
results.
Aside
from
Nuveen’s
profitability,
the
Board
recognized
that
the
Adviser
is
a
subsidiary
of
Nuveen,
LLC,
the
investment
management
arm
of
Teachers
Insurance
and
Annuity
Association
of
America
(“TIAA”).
Accordingly,
the
Board
also
reviewed
a
balance
sheet
for
TIAA
reflecting
its
assets,
liabilities
and
capital
and
contingency
reserves
for
the
2022
and
2021
calendar
years
to
consider
the
financial
strength
of
TIAA.
The
Board
recognized
the
benefit
of
an
investment
adviser
and
its
parent
with
significant
resources,
particularly
during
periods
of
market
volatility.
The
Board
also
noted
the
reinvestments
Nuveen,
its
parent
and/or
other
affiliates
made
into
its
business
through,
among
other
things,
the
investment
of
seed
capital
in
certain
Nuveen
funds
and
continued
investments
in
enhancements
to
technological
capabilities.
In
addition
to
Nuveen,
the
Independent
Board
Members
considered
the
profitability
of
the
Sub-Adviser
from
its
relationships
with
the
respective
Nuveen
funds.
In
this
regard,
the
Independent
Board
Members
reviewed,
among
other
things,
the
Sub-Adviser’s
revenues,
expenses
and
net
revenue
margins
(pre-
and
after-tax)
for
its
advisory
activities
to
the
respective
Nuveen
funds
for
the
calendar
years
ended
December
31,
2022
and
December
31,
2021.
The
Independent
Board
Members
also
reviewed
a
profitability
analysis
reflecting
the
revenues,
expenses
and
revenue
margin
(pre-
and
after-tax)
by
asset
type
for
the
Sub-Adviser
for
the
calendar
years
ending
December
31,
2022
and
December
31,
2021.
In
evaluating
the
reasonableness
of
the
compensation,
the
Independent
Board
Members
also
considered
any
other
ancillary
benefits
derived
by
the
respective
Fund
Adviser
from
its
relationship
with
the
Nuveen
funds
as
discussed
in
further
detail
below.
Based
on
a
consideration
of
all
the
information
provided,
the
Board
noted
that
Nuveen’s
and
the
Sub-Adviser’s
level
of
profitability
was
acceptable
and
not
unreasonable
in
light
of
the
services
provided.
D.
Economies
of
Scale
and
Whether
Fee
Levels
Reflect
These
Economies
of
Scale
The
Board
considered
whether
there
have
been
economies
of
scale
with
respect
to
the
management
of
the
Nuveen
funds,
whether
these
economies
of
scale
have
been
appropriately
shared
with
the
funds
and
whether
there
is
potential
for
realization
of
further
economies
of
scale.
Although
the
Board
recognized
that
economies
of
scale
are
difficult
to
measure
with
any
precision
and
certain
expenses
may
not
decline
with
a
rise
in
assets,
the
Board
considered
that
Nuveen
shares
the
benefits
of
economies
of
scale,
if
any,
in
a
number
of
ways
including
through
the
use
of
breakpoints
in
the
management
fee
schedule,
fee
waivers
and/or
expense
limitations,
the
pricing
of
funds
at
scale
at
inception
and
investments
in
Nuveen’s
business
which
can
enhance
the
services
provided
to
the
funds
for
the
fees
paid.
In
this
regard,
the
Board
recognized
that
the
management
fee
of
the
Adviser
is
generally
comprised
of
a
fund-level
component
and
a
complex-level
component
each
with
its
own
breakpoint
schedule,
subject
to
certain
exceptions.
The
Board
reviewed
the
fund-level
and
complex-level
fee
schedules.
With
this
structure,
the
Board
noted
that
the
complex-level
breakpoint
schedule
is
designed
to
deliver
the
benefits
of
economies
of
scale
to
shareholders
when
the
eligible
assets
in
the
complex
pass
certain
thresholds
even
if
the
assets
of
a
particular
fund
are
unchanged
or
have
declined,
and
the
fund-level
breakpoint
schedules
are
designed
to
share
economies
of
scale
with
shareholders
if
the
particular
fund
grows.
The
Board
noted,
however,
that
although
closed-end
funds
may
make
additional
share
offerings
from
time
to
time,
the
closed-end
funds
have
a
more
limited
ability
to
increase
their
assets
because
the
growth
of
their
assets
will
occur
primarily
from
the
appreciation
of
their
investment
portfolios.
As
noted
above,
the
Independent
Board
Members
also
recognized
the
continued
reinvestment
in
Nuveen’s
business
to
enhance
its
capabilities
and
services
to
the
benefit
of
its
various
clients.
The
Board
understood
that
many
of
these
investments
in
the
Nuveen
business
were
not
specific
to
individual
Nuveen
funds
but
rather
incurred
across
of
a
variety
of
products
and
services
pursuant
to
which
the
family
of
Nuveen
funds
as
a
whole
may
benefit.
In
addition,
the
Board
also
considered
that
Nuveen
has
provided,
without
raising
advisory
fees
to
the
Nuveen
funds,
certain
additional
services,
including,
but
not
limited
to,
services
required
by
new
regulations
and
regulatory
interpretations,
and
this
was
also
a
means
of
sharing
economies
of
scale
with
the
funds
and
their
shareholders.
Based
on
its
review,
the
Board
was
satisfied
that
the
current
fee
arrangements
together
with
the
reinvestment
in
Nuveen’s
business
appropriately
shared
any
economies
of
scale
with
shareholders.
E.
Indirect
Benefits
The
Independent
Board
Members
received
and
considered
information
regarding
other
benefits
the
respective
Fund
Adviser
or
its
affiliates
may
receive
as
a
result
of
their
relationship
with
the
Nuveen
funds.
The
Board
acknowledged
that
an
affiliate
of
the
Adviser
may
receive
compensation
for
serving
as
a
co-manager
in
the
initial
public
offerings
of
new
Nuveen
closed-end
funds
(if
any)
and
for
serving
as
an
underwriter
on
shelf
offerings
of
existing
Nuveen
closed-end
funds
and
reviewed
the
amounts
paid
for
such
services,
if
any,
in
2021
and
2022.
In
addition,
the
Independent
Board
Members
noted
that
the
various
sub-advisers
to
the
Nuveen
funds
do
not
generally
benefit
from
soft
dollar
arrangements
with
respect
to
Nuveen
fund
portfolio
transactions.
77
Based
on
its
review,
the
Board
concluded
that
any
indirect
benefits
received
by
a
Fund
Adviser
as
a
result
of
its
relationship
with
the
Funds
were
reasonable
in
light
of
the
services
provided.
F.
Other
Considerations
The
Independent
Board
Members
did
not
identify
any
single
factor
discussed
previously
as
all-important
or
controlling.
The
Independent
Board
Members
concluded
that
the
terms
of
each
Advisory
Agreement
were
reasonable,
that
the
respective
Fund
Adviser’s
fees
were
reasonable
in
light
of
the
services
provided
to
each
Fund
and
that
the
Advisory
Agreements
be
renewed
for
an
additional
one-year
period.
Nuveen
Securities,
LLC,
member
FINRA
and
SIPC
333
West
Wacker
Drive
Chicago,
IL
60606
www.nuveen.com
ESA-A-0923P
3176222-INV-B-11/24
Nuveen:
Serving
Investors
for
Generations
Since
1898,
financial
advisors
and
their
clients
have
relied
on
Nuveen
to
provide
dependable
investment
solutions
through
continued
adherence
to
proven,
long-term
investing
principles.
Today,
we
offer
a
range
of
high
quality
solutions
designed
to
be
integral
components
of
a
well-diversified
core
portfolio.
Focused
on
meeting
investor
needs.
Nuveen
is
the
investment
manager
of
TIAA.
We
have
grown
into
one
of
the
world’s
premier
global
asset
managers,
with
specialist
knowledge
across
all
major
asset
classes
and
particular
strength
in
solutions
that
provide
income
for
investors
and
that
draw
on
our
expertise
in
alternatives
and
responsible
investing.
Nuveen
is
driven
not
only
by
the
independent
investment
processes
across
the
firm,
but
also
the
insights,
risk
management,
analytics
and
other
tools
and
resources
that
a
truly
world-class
platform
provides.
As
a
global
asset
manager,
our
mission
is
to
work
in
partnership
with
our
clients
to
create
solutions
which
help
them
secure
their
financial
future.
Find
out
how
we
can
help
you.
To
learn
more
about
how
the
products
and
services
of
Nuveen
may
be
able
to
help
you
meet
your
financial
goals,
talk
to
your
financial
advisor,
or
call
us
at
(800)
257-8787.
Please
read
the
information
provided
carefully
before
you
invest.
Investors
should
consider
the
investment
objective
and
policies,
risk
considerations,
charges
and
expenses
of
any
investment
carefully.
Where
applicable,
be
sure
to
obtain
a
prospectus,
which
contains
this
and
other
relevant
information.
To
obtain
a
prospectus,
please
contact
your
securities
representative
or
Nuveen,
333
W.
Wacker
Dr.,
Chicago,
IL
60606.
Please
read
the
prospectus
carefully
before
you
invest
or
send
money.
Learn
more
about
Nuveen
Funds
at:
www.nuveen.com/closed-end-funds
NOT
FDIC
INSURED
MAY
LOSE
VALUE
NO
BANK
GUARANTEE


ITEM 2.

CODE OF ETHICS.

Not applicable to this filing.

 

ITEM 3.

AUDIT COMMITTEE FINANCIAL EXPERT.

Not applicable to this filing.

 

ITEM 4.

PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Not applicable to this filing.

 

ITEM 5.

AUDIT COMMITTEE OF LISTED REGISTRANTS.

Not applicable to this filing.

 

ITEM 6.

SCHEDULE OF INVESTMENTS.

(a) See Portfolio of Investments in Item 1.

(b) Not applicable.

 

ITEM 7.

DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable to this filing.

 

ITEM 8.

PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable to this filing.

 

ITEM 9.

PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.

Not applicable.

 

ITEM 10.

SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s Board implemented after the registrant last provided disclosure in response to this Item.


ITEM 11.

CONTROLS AND PROCEDURES.

 

(a)   The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)(17 CFR 240.13a-15(b) or 240.15d-15(b)).

 

(b)   There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

ITEM 12.

DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

 

ITEM 13.

EXHIBITS.

File the exhibits listed below as part of this Form.

(a)(1) Any code of ethics, or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy the Item 2 requirements through filing of an exhibit: Not applicable to this filing.

(a)(2) A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)) in the exact form set forth below: See Ex-99.CERT attached hereto.

(a)(3) Any written solicitation to purchase securities under Rule 23c-1 under the 1940 Act (17 CFR 270.23c-1) sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons: Not applicable.

(a)(4) Change in the registrant’s independent public accountant. Not applicable.

(b) If the report is filed under Section  13(a) or 15(d) of the Exchange Act, provide the certifications required by Rule 30a-2(b) under the 1940 Act (17 CFR 270.30a-2(b)); Rule 13a-14(b) or Rule 15d-14(b) under the Exchange Act (17 CFR 240.13a-14(b) or 240.15d-14(b)), and Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350) as an exhibit. A certification furnished pursuant to this paragraph will not be deemed “filed” for purposes of Section 18 of the Exchange Act (15 U.S.C. 78r), or otherwise subject to the liability of that section. Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except to the extent that the registrant specifically incorporates it by reference: See Ex-99.906 CERT attached hereto.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) Nuveen Select Tax-Free Income Portfolio

 

By (Signature and Title)     /s/ David J. Lamb
  David J. Lamb
  Chief Administrative Officer

Date: December 7, 2023

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By (Signature and Title)     /s/ David J. Lamb
  David J. Lamb
  Chief Administrative Officer
  (principal executive officer)

Date: December 7, 2023

 

By (Signature and Title)     /s/ E. Scott Wickerham
  E. Scott Wickerham
  Vice President and Funds Controller
  (principal financial officer)

Date: December 7, 2023